Home » Archives by category » Microfinance Banks

Dollar Drops As Investors Await Fed Policy Clues

Dollar Drops As Investors Await Fed Policy Clues

The dollar inched 0.1 percent lower to 109.98 against the yen, while the euro added 0.1 percent to $1.1217. The dollar eased on Wednesday with investors looking past an expected U.S. rate hike later in the day for clues on Federal Reserve policy for the rest of the year. The dollar index, which tracks the […]

Nigeria To Raise $3.5bn In Foreign Loans To Fund Budget

Global Markets: Global markets traded mixed this past week amidst a number of factors. The markets got off to a positive start to the week on continued recovery in oil prices from recent slide, driven by announcement that Saudi and Russia are open to extending the OPEC oil production cut. Notably, Technology & Cybersecurity stocks surged […]

BVN: We Are Working Ahead Of Deadline For Use – NAMBLAG

BVN: We Are Working Ahead Of Deadline For Use – NAMBLAG

It would be substantially achieved by July 31, if there is need for extension, we should have made some landmark improvement Ahead of the July 31 deadline for the use of Bank Verification Number (BVN) for customers of Microfinance banks in the country, National Association of Microfinance Banks Lagos State Chapter, NAMBLAG, has said that […]

W’bank Says Nigeria’s Revenue Can’t Sustain Interest Payment On Debt

W’bank Says Nigeria’s Revenue Can’t Sustain Interest Payment On Debt

Nigeria’s debt to GDP ratio is relatively low Although Nigeria’s total current debt is relatively low compared to the Gross Domestic Product, the interest rate payment is not sustainable by current revenues, the World Bank has said. Senior Economist at World Bank office in Nigeria, Yue Man Lee, said this in Abuja on Wednesday on […]

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 […]

Page 1 of 3123

Contact Us
Call +234 813 069 1462