Banking Archives — Page 28 of 59

September 17, 2019 No Responses

EcobankPay Platform Records N2b Transactions

Ecobank Nigeria says over 100,000 merchants have been onboarded on the EcobankPay platform with transaction value reaching N2billion. According to the Bank, the platform offers customers a multi-channel payment experience that includes Mobile QR Payment at merchant stores (mCash, Masterpass...

September 6, 2019 No Responses

Bank Unveils $500m Facility For Nigerian Manufacturers

The African Export-Import Bank (AFREXIMBANK) has pledged to allocate $500 million from its Nigeria-Africa Trade and Investment Promotion Programme to support Nigerian manufacturers. The bank’s President, Benedict Oramah, announced in Lagos that the facility ...

August 20, 2019 No Responses

Zenith Bank Explains N9.4b Interim Dividend

For the six-months ended June 30, 2019, the board of Zenith Bank Plc has approved N9.4billion interim dividend for shareholders, amounting to 30kobo per share. Zenith Bank Plc explained on Monday that shareholders on the register of the bank as...

August 8, 2019 No Responses

Hamzat, Okonkwo, Seek More Finance, Infrastructure To Grow SMEs

The managing director and chief executive of Fidelity Bank, Mr Nnamdi Okonkwo, and the deputy governor of Lagos State, Dr Obafemi Hamzat, on Wednesday emphasized the need for access to finance, and infrastructure for small businesses and entrepreneurs fo...

July 23, 2019 No Responses

PSN Honours Fidelity Bank

Fidelity Bank Plc has received accolades for its unwavering support for the healthcare value chain in Nigeria. The Board of Fellows of the Pharmaceutical Society of Nigeria (PSN) made the commendation at the Society’s Annual Dinner & Award Night in...

July 17, 2019 No Responses

Non-Oil Exports: Fidelity Bank Partners NEPC, LBS, Train 100 MSMEs In Kano

As part of measures to provide world-class support to Micro Small Medium Enterprises (MSMEs) in Kano State, Fidelity Bank Plc has commenced training of over 100 Small and Medium Enterprises (SMEs) . The training which form part of the 8th...

July 10, 2019 No Responses

Fidelity Private Bank Wins At PWM Global Wealth Tech Awards

Fidelity Bank won the ‘Best Digital Networking Bank For Entrepreneurs, Africa 2019’ at 2019 PWM Wealth Tech Awards held in London, United Kingdom (UK) recently. Organized by Professional Wealth Management (PWM), a Financial Times Publication, the awards ce...

July 9, 2019 No Responses

Bank Backs AfCFTA With $1b

The African Export-Import Bank (Afreximbank) says it is providing one billion dollars grant to African countries to support the implementation of the Agreement for the African Continental Free Trade Area (AfCFTA). In a statement by Afreximbank’s spokesman, M...

June 3, 2019 No Responses

NIWA Seals MoU With NEXIM Bank, Sealink

Nigeria Inland Waterways Authority (NIWA), Nigeria Export-Import Bank (NEXIM) and SEALINK Promotional Company have signed a Memorandum of Understanding (M.O.U.) that recognizes the pivotal role of Inland Waterways in national economic development. A stat...

June 2, 2019 No Responses

E-Payments In Nigeria Hit N34.02 Trillion In Q1

A total of 557,083,712 electronic-payment transactions valued at N34.02 trillion were recorded in selected banks across the country in the first quarter, 2019, Nigeria’s statistics bureau has said. The National Bureau of Statistics (NBS) said this in a repor...

May 22, 2019 No Responses

CBN To Restrict Banks Access To Bonds, Treasury Bills

The Central Bank of Nigeria (CBN) is to restrict Banks access to government securities. Speaking at the end of the Monetary Policy Committee (MPC) meeting in Abuja, the CBN Governor, Godwin Emefiele explained that MPC also directed CBN to initiate....

May 8, 2019 No Responses

MSMEs: AfDB, Fidelity Bank Seal $15.35b MoU

The African Development Bank (AfDB) has extended a $50 million (about N15.35 billion) facility to Fidelity Bank Plc for the growth of Micro Small and Medium Enterprises (MSMEs). The facility is designed to boost the bank’s capacity to promote the...

April 24, 2019 No Responses

CBN Records N718.0b, $1.1b From NCR In 2018

The Central Bank of Nigeria (CBN) has said that it recorded a huge leap in the value of financing statements under the National Collateral Registry (NCR) in the last five years from N487 billion and $20 million in 2017 to...

April 17, 2019 No Responses

Ecobank, Terrakulture Seal Partnership

EcobankPay, the lifestyle digital payment and collections service of Ecobank Nigeria has entered into partnership with TerraKulture, Nigeria’s foremost stage play and cultural show promoters with Bolanle-Austen Peters as lead. Through this partnership,...