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E-Payment Transactions Hit N42.76Trn In Q3, 2019

The National Bureau of Statistics (NBS) has reported that the value of e-payment transactions in the nation’s banking sector rose to N42.76 trillion in 800,201,498 transactions during the third quarter this year. The bureau, in its latest report titled ‘Selected Banking Sector Data Q3 2019’ stated that the figures were the available data on electronic […]

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AfDB, Microsoft Launch Digital Training Platform For African Youths

The African Development Bank (AfDB) and technology solutions giant, Microsoft, on Tuesday today launched the ‘Coding for Employment’ digital training platform, an online tool to provide digital skills to African youths across the continent. The platform, launched at the 2019 African Economic Conference in held in Egypt, aims to promote a continuous learning culture among […]

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Access Bank Excites Customers With Yuletide Packages

Access Bank Plc, one of  Nigeria’s leading retail banks,  has unveiled series of exciting rewards for its customers to celebrate the yuletide season through a campaign tagged ‘More Xtravaganza’ that will run from November 21 to the end of the year. Speaking at the launch of the campaign in Lagos, Victor Etuokwu, Executive Director, Retail […]

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CBN Issues New Regulatory, Supervisory Guidelines For MGCs

The Central Bank of Nigeria (CBN) on Thursday issued a new for the regulatory and supervisory oversight of mortgage guarantee companies (MGCs). The apex bank stated in the guideline titled ‘Regulations For the Operations of Mortgage Guarantee Companies (MGCs in Nigeria’ that  the guideline was issued pursuant to the provisions of the Central Bank of […]

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CBN Retains MPR, Other Rates To Sustain Economy’s Growth Trajectory

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday retained the Monetary Policy Rate (MPR) at 13.5 percent, leaving other monetary rate parameters, including  the asymmetric corridor at +200/-500 basis points around the MPR; the Cash Reserve Ratio (CRR) at 22.5 per cent, and Liquidity Ratio at 30 percent. The […]

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CBN Director, Others To Appear As Witnesses In Mompha’s Trial

Following his pleading not guilty to a 14-count charge of money laundering, unauthorised forex trade and failure to comply with government’s trade and exchange policy, a Federal High Court in Lagos on Monday remanded a suspected money launderer, Ismaila Mustapha (aka Mompha) over his arraignment for alleged N33 billion fraud. This is even as the […]

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During Heritage Bank Plc’s Celebration Of International Men’s Day With The Theme ‘Making A Difference For Men And Boys’ Held At The Bank’s Headquarters In Lagos

L-R:  Olugbenga Awe, Heritage Bank Plc’s Divisional Head, Agric Finance & Export;  Fela Ibidapo, Divisional Head, Corporate Communications; Jude Monye,  Executive Director;  Akeem Durotoye, Group Head, Domestic & E-Banking Services;  Victor Amakwe, Group Head, Private Wealth Mgt and Chukwuma Ivaonye, Head, Head Office & Experience Centre Compliance,  during Heritage Bank Plc’s  celebration of International Men’s […]

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Heritage Bank Marks International Men’s Day, Commends Male Staff

Heritage Bank Plc, Nigeria’s most innovative banking service provider, celebrated International Men’s Day 2019 themed: “Making a Difference for Men and Boys”, with event held at its Experience Centres (ECs) branches nationwide. The financial institution leveraged on this theme and coined a personal theme, which is “Break the Ice; Inspire another Man”. To help chart […]

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AfDB Seals $250Mn Risk-Focused Facility Pact With ABSA

The African Development Bank (AfDB) has signed an unfunded $250-million Risk Participation Agreement (RPA) facility with ABSA, a pan-Africa financial institution with a presence in 12 African countries. The 3-year RPA facility was signed November 12 on the sidelines of the Africa Investment Form through its trade finance operations. Under this 3-year RPA facility, the […]