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 under the scheme. ...
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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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AfDB To Double Africa’s Climate Finance To $25b 

AfDB To Double Africa’s Climate Finance To $25b 

The African Development Bank (AfDB) will within the next five years double the climate change finance of Africa to $25 billion   Dr Kevin Kariuki, AfDB Vice-President for Power, Energy, Climate and Green Growth, said this at a virtual news conference...
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Neimeth Explains Agenda For N5b Fresh Capital

Neimeth Explains Agenda For N5b Fresh Capital

Shareholders of  Neimeth International Pharmaceuticals PLC have approved the plan of the Board to raise the sum of N5 billion through a hybrid offering of Rights to existing shareholders and private placement. The money will be used to finance major...
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Banking Industry: Emefiele Pushes For More Women In Top Positions

Banking Industry: Emefiele Pushes For More Women In Top Positions

Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, on Thursday, said that the bank had issued gender-mandated regulations to pave way for gender diversity and inclusiveness at the top management levels in the banking industry.  Emefiele made t...
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CBN Reduces Charges On Electronic Transactions

CBN Reduces Charges On Electronic Transactions

The Central Bank of Nigeria (CBN) has announced a downward review of charges for electronic banking transactions in its revised guidelines to charges by Banks, Other Financial Institutions (OFIs) and Non-Bank Financial Institutions. A circular by Chibuzor...
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Cititrust Holdings Repositions, Explains Agenda

Cititrust Holdings Repositions, Explains Agenda

As part of measures to enhance growth, Cititrust Holdings Plc has divested its 100 percent equity holdings in Cititrust Financial Services Plc.  A statement issued by Cititrust Holdings on Wednesday explained that the decision was taken after considering that...
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