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Kemi Adeosun Wants BVN For Microfinance Banks Account Holders

Kemi Adeosun Wants BVN For Microfinance Banks Account Holders

Mrs Kemi Adeosun, the Minister of Finance, has urged the Central Bank of Nigeria to extend Bank Verification Number requirement to account holders in Microfinance Banks. She said this would facilitate the detection of bank accounts which might have been opened and operated in such banks by ghost workers and other syndicates. A statement by […]

MasterCard Introduces New Digital Platform

MasterCard Introduces New Digital Platform

MasterCard, global technology company with presence in Nigeria, on Tuesday, launched a digital platform that connects smallholder farmers, agents, buyers and banks in East Africa. Tagged, ‘2KUZE’ which in Swahili means “Let’s grow together,” the platform enables farmers to buy, sell and receive payments for agricultural goods via their feature phones. According to a statement […]

Bitcoin and Central Bank Of Nigeria

Bitcoin and Central Bank Of Nigeria

The Central Bank of Nigeria (CBN) has barred deposit money banks and all other financial institutions from the operation of any form of virtual currency. The warning by the apex bank yesterday was contained in a circular by the CBN Director of Financial Policy and Regulation Department, Mr. Kevin Amugo, Virtual currencies (VCs) such as […]

Microfinance Bank In Lagos Defrauds Over 200 Market Women

Microfinance Bank In Lagos Defrauds Over 200 Market Women

There was confusion at a certain microfinance bank located on Atitebi Junction on the Old Apapa Road, in the Oyingbo area of Lagos state when no fewer than 200 women got to the bank where they had allegedly opened accounts but discovered it was deserted. According to Punch, the police in the State are on […]

CBN Grants Wema Bank National Banking License

CBN Grants Wema Bank National Banking License

Wema Bank Plc, one of Nigeria’s premier financial institutions has been granted a National Banking License; an upgrade from its current regional banking authorization after complying with the Central Bank of Nigeria’s requirements. In 2010, Wema Bank downscaled to operate only within its core areas of business – South-South, South-West and FCT Abuja. Now, the […]

Nigerian Banks And Online Financial Institutions

  First Bank Of Nigeria   www.firstbank-nig.com.ng   All States Trust Bank   www.allstates.com.ng   Equitorial Trust Bank   www.etb.com.ng   First Securities   www.fsdh.com.ng   FBN (Merchant Bankers)   www.fbnmb.com   NAL (Merchant Bankers)   www.nalbank.com.ng   Invertment Banking & Trust Co.   www.ibtc-lagos.com   Liberty Merchant Bank Limited   www.lmbnig.com   Gulf Bank […]

Onasanya, Others Stress Importance Of Training

Onasanya, Others Stress Importance Of Training

The Group Managing Director/Chief Executive Officer, First Bank of Nigeria Limited, Mr. Bisi Onasanya, and other stakeholders have stressed the need for re-training and revamping of the education sector to curb the problem of youth unemployment. The stakeholders stated this on Tuesday in Lagos at the First Bank African CEO Business Roundtable, which focused on […]

CBN, Commercial Banks, Set For WebMall’s e-Commerce Confab

Representatives from the Central Bank of Nigeria, commercial banks and other organisations within the e-commerce sector, have indicated their interests to attend the Connect Commerce conference holding in Lagos tomorrow. Tagged: ‘ConCom 2015’, the conference scheduled to hold at Oriental Hotel, Victoria Island, Lagos is being hosted by WebMall, a multi-merchant platform designed for merchants […]

List Of Approved Microfinance Banks In Nigeria

A.D.A Microfinance Bank Limited AACB Microfinance Bank Limited AB Microfinance Bank Limited Abatete Microfinance Bank Limited ABC Microfinance Bank Limited Abia State University Microfinance Bank Limited Bekwarra Microfinance Bank Limited Berachah Microfinance Bank Limited Best Star Microfinance Bank Limited Bestway Microfinance Bank Limited Bethel Microfinance Bank Limited Bethseda Microfinance Bank Limited Complete Trust Microfinance Bank […]

List of Approved Microfinance Banks In Nigeria

  Sunbeam Microfinance Bank Limited Sunrise Microfinance Bank Limited Support Microfinance Bank Limited Supreme Microfinance Bank Limited Susu Microfinance Bank Limited Swift Microfinance Bank Limited Tangale Microfinance Bank Limited Taraba Microfinance Bank Limited Tasued Microfinance Bank Limited Taura Microfinance Bank Limited Titare Microfinance Bank Limited Toki Rainbow Microfinance Bank Limited Top Trust Microfinance Bank Limited […]

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