Since its grand entrance into the Nigerian banking sector, PremiumTrust Bank has sent tongues wagging on the issue of ownership structure. Licensed by the Central Bank of Nigeria in December 2021 to operate as a Commercial Bank in Nigeria, but officially opened for business in Port-Harcourt, Rivers State on the …
Read More »Who is the New Acting CBN Governor, Folashodun Adebisi Shonubi
Following the suspension of the Central Bank of Nigeria Governor, Godwin Emefiele, President Bola Tinubu has appointed Folashodun Adebisi Shonubi as the Nigeria new acting CBN Governor. Before his new appointment, Adebisi Shonubi was CBN Deputy Governor (Operations Directorate). He assumed the position of Operations Directorate on October 17, 2018. …
Read More »President Tinubu Appoints Adebisi Shonubi, Acting CBN Governor
With the immediate suspension of the Central Bank of Nigeria Governor, Godwin Emefiele, from office, his Deputy (Operations Directorate) Folashodun Adebisi Shonubi, has been announced to act in his capacity in the meantime. President Bola Tinubu, on Friday night suspended Emefiele. The suspension was announced in a statement issued by …
Read More »eNaira Suffers Low Adoption, 98.5% of Wallets Remains Inactive – IMF
After one year of establishment, the Central Bank of Nigeria’s eNaira recorded low adoption, according to the International Monetary Fund. This was contained in a recent report titled ‘Nigeria’s eNaira, one Year After’ by the IMF. The Washington-based bank specifically stated that about 98.5 per cent of eNaira wallets downloaded …
Read More »Access Bank Paris Launch to Strengthen Trade and Investment Links Between Africa, Europe
As part of its strategic moves to boost trade and investment between Africa and Europe, Access Bank Plc (www.AccessBankPLC.com), one of Nigeria’s biggest financial services institutions, has established a new subsidiary in Paris, France. With this bold move, the leading Nigerian financial institution has reinforced its commitment to strengthening cross-border …
Read More »Experts Advise Employees, Small Business Owners On Income Diversification
Salary earners, individuals, self-employed and small businesses have been advised to make deliberate efforts to save and diversify their income stream in the light of the current state of the nation’s economy. This was the submission of panelists at the webinar titled: Maximising your income: the power of diversification, organized …
Read More »Wema Bank Unveils Latest Brand Jingle for ALAT By Wema
Wema Bank, Nigeria’s leading innovative bank, has unveiled the latest brand jingle for its digital banking application, ALAT by Wema which is set to become an instant hit with customers and music lovers alike. The new jingle is part of the bank’s continuous efforts to connect with its target audience …
Read More »Fidelity Bank Targets 5 Acquisitions in Africa
Fidelity Bank Plc, has said it plans to expand in at least five African countries after finalising the acquisition of the London unit of rival Union Bank of Nigeria Plc. The 35-year-old institution is negotiating a second acquisition, chief executive offficer Nneka Onyeali-Ikpe said, without identifying the target. The lender …
Read More »Only 57.4 Million Nigerians Have BVN – CBN
Central Bank of Nigeria (CBN) has said that only 57.4 million out of over 200 million Nigerians have a Bank Verification Number (BVN). The apex bank had partnered with the Nigerian Interbank Settlement System (NIBSS), bankers committee and deposit money banks to launch the BVN project in February 2014. Godwin …
Read More »CBN to Audit E-payment System, Places 7,552 Accounts on Watchlist
The Central Bank of Nigeria, CBN, yesterday, said it will soon audit the nation’s e-payment system in order to cope with future growth in electronic banking transactions. According to the apex bank conducting an e-payment infrastructure audit move is part of measures to enhance a robust payment infrastructure in the …
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