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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 »

 Tunde Lawanson, Head, Marketing and Corporate Communications, FBN Holdings Plc, Ugochi Onuekwusi, Human Resources Officer, Rev. Oluwayomi Uteh, General Manager, Operations TREM, Oyinade Kuku, Head, Human Resources, FBN Holdings Plc and Douglas Elisha, Technical Assistant to the GMD, FBN Holdings Plc at The Great Place To Work Awards held at Marina, Lagos on Friday which had FBNHoldings winning the Best ... Read More »

…. Ten out of the twelve  winners are girls The UBA Foundation, the CSR arm of the United Bank for Africa, today, held its tenth annual National Essay Competition(NEC) in a virtual ceremony that was attended by high school students from across the nation. The UBA Foundation’s Education initiative has been changing lives for a decade as the tertiary education ... Read More »

….With profit after tax of N142 billion With profit after tax of N142 billion, total assets of N4.6 trillion and shareholders’ funds of N755.5 billion for the nine months ended September 30, 2020, Guaranty Trust Bank Plc has recorded an impressive performance, writes Goddy Egene Shareholders of Guaranty Trust Bank (GTBank) Plc heaved a big sigh of relief last week ... Read More »

MTN Nigeria is set to launch ‘Zigi,’ an online assistant chatbot designed to enhance customers’ digital interactions with the brand, and provide speedy and secure marketing, sales and technical support. Through the platform, customers will be able to interact with the chatbot on multiple channels including WhatsApp, Facebook Messenger, Telegram, the official MTN website and myMTN App. It will provide ... Read More »