CBN Issues National Licence To TAJBank

CBN Issues National Licence To TAJBank

TAJBank Limited Nigeria’s leading non-interest bank has secured approval for nationwide banking operations from the Central Bank of Nigeria (CBN). The bank’s Managing Director, Mr Hamid Joda, made this known in a statement on Wednesday.  Joda said that the license...
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Fidelity Bank Rewards Customers With N10m

Fidelity Bank Rewards Customers With N10m

Fidelity Bank Plc has rewarded 10 customers with N1million each in the eight monthly draws of its Get Alerts in Millions season five promo (GAIM 5). Dr Ken Opara, the Promo Chairman and Executive Director, Lagos and South-West, said at...
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Ecobank Nigeria Extends Remittance Services To Business Accounts Holders 

Ecobank Nigeria Extends Remittance Services To Business Accounts Holders 

Ecobank Nigeria has extended its innovative remittance services to its business account holders.  According to Ecobank, this implies that Business Account holders can now receive funds sent through Ecobank Rapidtransfer or any of its Remittance franchise ...
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DMO Raises N123b In July FG Bond Auction 

DMO Raises N123b In July FG Bond Auction 

The Debt Management Office (DMO) has raised N123.85billion in its July Federal Government of Nigeria (FGN) bond auction.  A statement issued by DMO on Monday explained that the three instruments auctioned were valued at N75 billion each, totalling N225 bi...
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World Bank deploys $114.9b To Finance Global Crisis  

World Bank deploys $114.9b To Finance Global Crisis  

The World Bank Group has responded to the overlapping global crises by deploying $114.9 billion in financing in 2022.  In a statement on Saturday, the Bank explained that from July 1, 2021, to June 30, 2022, it responded with unprecedented scale...
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Sterling Bank Emerges Best Financial Institution As ACGSF Rewards Farmers

Sterling Bank Emerges Best Financial Institution As ACGSF Rewards Farmers

Sterling Bank was on Thursday named Best Participating Financial Institution for 2021 at the Agriculture Credit Guarantee Scheme Fund (ACGSF).  The ACGSF,  in an event in Abuja, also rewarded three Agriculture entrepreneurs who took loans and repaid ...
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Finance Minister Receives Revised Nigerian Capital Market Master Plan 

Finance Minister Receives Revised Nigerian Capital Market Master Plan 

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has received the Revised Nigerian Capital Market Master Plan (2021-2025).  Receiving the report on Monday in Abuja, the Minister reiterated the commitment of the Federal Government to...
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NDIC Reiterates Commitment To Financial Stability 

NDIC Reiterates Commitment To Financial Stability 

Managing Director, Nigeria Deposit Insurance Corporation (NDIC), Mr Bello Hassan, has said the corporation would continue to monitor the banking sector to address challenges it might be facing.  Hassan said this at a retreat for members of the Senate...
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Experts To Brainstorm On Nigeria’s Financial Inclusion Initiative At Oriental News Confab 

Experts To Brainstorm On Nigeria’s Financial Inclusion Initiative At Oriental News Confab 

Key stakeholders in Nigeria’s financial sector would engage in a robust round table discussion on governments key policy which centers around inclusive financial system that will cover all strata of the society.  The experts drawn from key private s...
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Squad by GTCO: Reshaping the Nigerian Payment Space

Squad by GTCO: Reshaping the Nigerian Payment Space

Fragmentation in the Nigerian payment space has served more as a constraint than an enabler; Squad by GTCO positions to lead with innovation and efficiency Without a doubt, digital payment is the next growth frontier for financial services. Amongst other...
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CBN Reviews Operations Of NIBBS Instant Payments System, Others

CBN Reviews Operations Of NIBBS Instant Payments System, Others

The Central Bank of Nigeria (CBN)  has reviewed upwards, the operations of the Nigeria Inter-Bank Settlement System (NIBSS) and other electronic payment operations.  This is contained in a circular issued by Musa Jimoh, Director, Payments S...
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FG Tasks NAICOM On Prompt Claims Payment 

FG Tasks NAICOM On Prompt Claims Payment 

The Federal Government has called on the National Insurance Commission (NAICOM) to put in place measures that will ensure insurance companies meet their obligations to policyholders by paying claims promptly.  Dr Zainab Ahmed, the Minister of Finance, Bud...
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NADDC Begins Automotive Financing Talks With CBN 

NADDC Begins Automotive Financing Talks With CBN 

The National Automotive Design and Development Council (NADDC)has commenced discussions with the Central Bank of Nigeria (CBN) to design workable solutions for automotive financing to make auto purchase affordable for Nigerians, Jelani Aliyu, the Director-Gene...
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FMBN Disburses N394.6b To Beneficiaries 

FMBN Disburses N394.6b To Beneficiaries 

The Federal Mortgage Bank of Nigeria (FMBN) has disbursed N394.575 billion to beneficiaries from 1992 to 2022.  The Group Head, Corporate Communications (FMBN), Mr Lawal Sauri disclosed this in an interview with the News Agency of Nigeria (NAN) on Monday....
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