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Banking
Covid-19: CBN’s economic stimulus measures a reflection of growth opportunities
Nigeria, no doubt, has been hit by twin shocks – the COVID-19 pandemic and declining oil prices. The two problems have dealt a big blow on the social and economic lives of the people. The…
Afrinvest drives investors portfolio diversification with dollar Fund
Afrinvest Asset Management Limited, a subsidiary of Afrinvest (West Africa) Limited, has launched the Afrinvest Dollar Fund, a flexible solution for investors looking to add…
Access Bank to enhance customer service with 10 ‘CLOSA’ branches
As part of its commitment to increase customers’ access to banking services in communities across the country, Access Bank has concluded plans to commission 10 Access ‘CLOSA’ outlets in 6…
Banks open for 5 hours business on partial relaxing of lockdown
Nigerian banks on Monday resumed business after the Federal Government announced a phased easing of lockdown occasioned by the Covid-19 pandemic. Customers were seen in large numbers on…
These 5 recommendations came with IMF’s approved $3.4b relief fund to Nigeria
Nigeria may require more policy implementation as much as it needs the approved $3.4 billion emergency loan request from the International Monetary Fund (IMF), the appraisal report by IMF…
CBN extends deadline for capital requirements for MFBs by one year
The Central Bank of Nigeria (CBN) has extended the deadline for compliance with the capital requirements for Microfinance Banks (MFBs) by one year. This is as a result of the impact of…
LAPO Microfinance Bank refutes report on debtors chase
LAPO Microfinance Bank Limited on Sunday exempted itself from an online report captioned “Nigeria Microfinance Banks Chase Debtors as COVID Lockdown Cripples Businesses”, by Saharareporters.…
Access Bank to rewards customers in Diamondxtra savings scheme
Nigeria’s leading retail financial institution, Access Bank Plc, is set to reward lucky customers who will emerge winners in the forthcoming Diamondxtra monthly draw in May 13, 2020. “We…
Digital operation, partnership with Fintech to drive future of banking post Covid-19
The future of banking in the post COVID-19 era would be driven by digital operation and strong partnership with Fintech companies that would yield enhanced service deliveries to their…
Banks resume cheque clearing today as CBN lifts suspension
The Central Bank of Nigeria (CBN) on Tuesday lifted the temporary suspension on cheque clearing in the country's clearing system. Consequently, normal cheque clearing resumed today April…