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Md/CEO, Heritage Bank Plc, Ifie Sekibo; Winner of Ynspyre Account’s N1m online giveaway competition, Damilola Adeyemi and Musician and Ynspyre Account’s Ambassaor, Daniel Oyebanjo (D’banj), during the N1million cheque presentation to the winner of an online giveaway competition to celebrate the bank’s Ynspyre Account ambassador, inspired by Heritage Bank yesterday at the bank’s head office. L-R: MD/CEO, Heritage Bank Plc, ... Read More »

What did (the various territories that were later to be amalgamated into) Nigeria look like in 1894? How about a hundred years later in 1994? And what could Nigeria look like in the year 2094? History provides elaborate answers to the first two questions. Answers – accurate or near-accurate answers, that is – to the third, however, will rely entirely ... Read More »

The Lagos State Health Management Agency (LASHMA), in its commitment to ensure that residents at the grassroots have access to affordable, effective and quality healthcare, has partnered with First Bank of Nigeria Limited to utilise its over 13,000 Firstmonie Agents as payment channels for the Lagos State Health  Scheme (LSHS). The General Manager, Lagos  State Health Management Agency (LASHMA), Dr. ... Read More »

Ecobank Group made N461.2 billion revenue in nine months for the period ended 30th September 2020, representing nine  per cent increase against the corresponding period of last year. In its audited report submitted to the Nigeria Stock Exchange (NSE) on Friday, the pan African bank also recorded superlative performance in other key financial indices despite the harsh operating environment.  Summary of the ... Read More »

Specta, Nigeria’s fastest lending platform owned by Sterling, has created a digital credit solution known as PayWithSpecta. The new solution allows customers to pay for goods in instalments, while Merchants are credited instantly; helping businesses increase sales. PayWithSpecta offers digital credit limits to customers to purchase items in-store at Merchant locations or from Merchant online platforms. Also, PayWithSpecta gives Merchants ... Read More »

The Central Bank of Nigeria (CBN) has stopped naira payment to recipients of diaspora remittances (dollar inflows) from International Money Transfer Operators (IMTOs). The customers are by a new regulation released on Monday, allowed to receive their funds through foreign currencies of their choice, including payment of the funds into domiciliary accounts. The new policy, contained in a circular signed ... Read More »

  The Central Bank of Nigeria said on Monday that it had amended the procedures for receipt of diaspora remittances as part of its efforts to boost the foreign exchange market. It said this in a circular on entitled ‘Amendment to procedures for receipt of diaspora remittances,’ which was signed by Director, Trade and Exchange Department, Dr O. S. Nnaji. ... Read More »

… Wins Best Bank of the Year, International Bank of the Year Pan-African financial institution, United Bank for Africa (UBA) Plc, carted two highly coveted laurels at the BusinessDay’s Bank and other Financial Institutions Awards (BAFI) winning the Bank of the Year and the International Bank of the Year at the glamorous event held over the weekend. The bank beat ... Read More »

Ecobank Nigeria has launched Smart Small And Medium Enterprise (SME) Agency Banking campaign targeted at empowering 100,000 entrepreneurs under the Ecobank SME and Agency Banking proposition. Emeka Agada, Head of SME, Ecobank Nigeria, said the initiative was introduced in line with the bank’s commitment to support the Federal Government and Central Bank Of Nigeria vision for financial inclusion across the ... Read More »

In the light of COVID-19, FirstBank has launched the FastTrack ATM, a Next Generation ATM and first of its kind in Africa, designed to promote financial activities on the ATM devoid of any form of physical interaction with the machine. The introduction of the FastTrack ATM which is done in partnership with Inlaks enables customers carry out cash withdrawals without ... Read More »