Banking

Lack of skills hit the bank. Japa

A former teller at Sterling Bank, Gift Akpan, left the shores of Nigeria for the United States to pursue her dreams. Gift told The PUNCH that she had always wanted to travel but decided to gain hands-on experience in the local job market first and raise money to facilitate her migration. “I graduated from the University of Ibadan as the best student in my set. I had always wanted to pursue my…
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Banking

Banks lend N3.38tn to firms at single-digit rate

Customers accessed loans worth N3.38tn at single-digit interest rates under the Central Bank of Nigeria’s intervention funds as of the end of June. A member of the Monetary Policy Committee meeting, Aliyu Sanusi, disclosed this in his personal statement at the last MPC…
BankingRanks & Rate

TOP MICROFINANCE BANKS

Small loans enable entrepreneurs to start or expand micro, small and medium enterprises. Microfinance also called “microcredit” is a way to provide small business owners and entrepreneurs access to capital. Often, small and individual businesses don’t have access to traditional financial resources from major institutions, so it is harder for them to access loans, insurance, and…
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