Banking

As part of its effort to provide access to finance for SMEs to grow and expand their businesses, Access Bank Plc has launched a digital lending portal, “Cash flow Loans by Access”, which is a solution for business owners to access loans easily from the ...

Ecobank Nigeria has donated food items to several states across the country as a contribution to various initiatives aimed at cushioning the effect of the current lockdown on citizens. The palliatives are targeted at the most vulnerable members of society, ...

Lagos State Governor, Babajide Sanwo-Olu, has commended Ecobank Nigeria for donating food items to support the state government’s relief efforts to mitigate the effects of the lockdown on citizens due to the coronavirus. Commissioner for Agriculture, Gbolahan Lawal, who received the items ...

As the COVID-19 crisis continues to trigger dollar shortage in the country, the Association of Bureau De Change Operators of Nigeria (ABCON) has charged the Central Bank of Nigeria (CBN) to establish a voluntary offshore asset repatriation window for more ...

Successful applicants of the Central Bank of Nigeria  (CBN) soft loans will, from next week, receive disbursements from the fund’s managers, NIRSAL Microfinance Bank. Between N3 million for households and N25 million for small and medium enterprises are to be ...

A former Assistant director at the Central Bank of Nigeria (CBN), Solomon Omoyeni, has stated that physical cash handling of dirty notes increases vulnerability of people contracting and transmitting Coronavirus. In an open letter to Governor of CBN, Godwin Emefiele, ...

DiamondXtra is a hybrid savings account, which allows deposit of both cash and third party cheques. The reward scheme which was launched in 2008 and has been running every year since inception, rewarded over 5,000 customers in 2018, and over N5 ...

*Staff members walk against cancer* Ecobank Nigeria has pledged its commitment and financial support for the fight against non-communicable diseases. Managing Director, Ecobank Nigeria, Patrick Akinwuntan, said this at the weekend during the bank’s cancer awareness walk in Lagos as ...

The Central Bank of Nigeria (CBN) has clarified that the deductions on some banks’ Cash Reserve Ratio (CRR) were not a fine but a punitive measure for their failure to abide by the regulator’s directive on the new lending regime ...

To boost financial inclusion and the payment system by increasing access to deposit products and payment services through a secured technology-driven environment, the Central Bank of Nigeria (CBN) has issued Approvals-in-Principle (AIPs) to three payment service banks (PSBs). The three ...