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Banking
Banks’ cheap funds don’t reflect in loans to customers
Nigerian banks access low-cost funds from individual/corporate deposits, interventions from the Central Bank of Nigeria (CBN) and development finance institutions but lend same to customers…
Access Banks’s offshore expansion opens opportunity for risk-sharing
In fulfillment of its aspirations of becoming Africa’s Gateway to the World, and in line with its vision to be the World’s Most Respected African Bank, Access Bank Plc, Nigeria’s biggest…
Fidelity Bank rewards 62 SWEETA account holders to celebrates children’s day
Fidelity Bank remains committed to putting smiles on its customers’ faces by enriching their lives through its ongoing savings loyalty program. To mark this year’s Children’s Day, the bank…
Customer registration huge costs for banks – report
To carry out a Know Your Customer (KYC) registration process, 85 percent of banks said KYC process constitutes a significant cost to the lenders, with 71 percent anticipating that the cost…
Firstbank bags most innovative retail banking App in Nigeria
First Bank of Nigeria Limited, one of the leading financial services providers, has been awarded the 2021 ‘’ Most innovative Retail Banking App Nigeria” award by Global Banking and Finance…
NDIC seeks FCT Ministry’s support to realise closed banks’ assets
The Nigeria Deposit Insurance Corporation (NDIC) has solicited the support of the Ministry of the Federal Capital Territory (FCT) in the realisation (sale) of landed properties of banks in…
Keystone Bank, Nasarawa partner to vaccinate over 1,000 students, teachers against…
Keystone Bank Limited has partnered the Nasarawa State government to vaccinate over 1,000 students and teachers of Government Secondary School Garaku, Nasarawa, against typhoid bacterial…
Nigeria’s NAFEX adoption may be long walk from full unification
The move by the Central Bank of Nigeria (CBN) last Tuesday that saw the regulator adopt the NAFEX rate of N410.25 per US dollar on its website received accolades from many industry players…
Another shot in the arm for Adeduntan as FirstBank wins Retail Banking CEO Award
While the age-old saying and philosophy of virtue being its own reward (or seeing doing good as its own reward) remains a strong motivating factor in doing good persistently, it helps when…
Sparkle, Nigeria’s digital bank, to commence lending September
Sparkle, a Nigerian digital platform providing financial, lifestyle and business support services to Nigerians around the world, will in September 2021 commence loan services to individuals…