Monday, 14 October 2019

See How to Instantly Get Collateral Free Loan With Access Bank

Most loans come to us when available money cannot meet the urgent needs of the field. A loan helps us deal with an emergency financial situation.
See How to Instantly Get Collateral Free Loan With Access Bank

Like GTB, Access Bank secured loans without collateral. As an access bank client, you can get secured loans in the comfort of your own home. That means no paperwork, no need to sign or order at the bank ... just dial the code and you'll get an instant credit alert.

Wednesday, 9 January 2019

Access Bank Acquires Diamond Bank

Access Bank Plc has finally acquired Diamond Bank Plc. According to insiders, the official announcement of the transaction will be made in the course of the week by the Central Bank of Nigeria, CBN, according to TheCable.

Access Bank Acquires Diamond Bank

Another source said confirmed that the deal has been sealed, awaiting final ratification from the regulatory body. The acquisition was midwifed by the CBN in a bid to further consolidate the banking industry, sources informed.

Weeks ago, Diamond Bank announced its decision to drop its international operating licence to focus on national operations following capitalisation issues. Uzoma Dozie, the bank’s Chief Executive Officer, confirmed the development in a statement released on Friday.

Wednesday, 11 July 2018

Ecobank Nigeria MD, Charles Kie resigns

The Managing Director of Ecobank Nigeria, Charles Kie has announced his resignation from the bank.

His resignation has received mixed feelings as some people suggest that there is more that meets the eye with the sudden move.

Ecobank Nigeria MD, Charles Kie resigns

According to Mr. Kie:

“I am proud of what the team and I have achieved together, and I thank them for the good work and their unwavering commitment to Ecobank.

“I also extend my sincere appreciation to the Board. Despite some of the market challenges that we faced over the years, our customers have always been loyal, and it is their patronage that makes the future brighter.”

Tuesday, 13 March 2018

CBN Injects Another $210m Into Forex Market

The Central Bank of Nigeria (CBN) in its quest to guarantee the availability of foreign exchange for customers’ needs has injected another 210 million dollars into the foreign exchange market.

CBN Injects Another $210m Into Forex Market

The Acting Director, Corporate Communications, Mr Isaac Okoroafor, in a statement on Monday in Abuja, said that 100 million dollars was allocated to authorised dealers in the wholesale segment of the market.

Sunday, 14 January 2018

Banks will now limit accounts and BVNs related to fraudulent activities

The Central Bank of Nigeria (CBN) has ordered banks in the country to suspend bank accounts and bank verification numbers (BVNs) of their clients linked to false activities.
Banks will now limit accounts and BVNs related to fraudulent activities

The order is contained in the table published by CBN to run banks in the BVN business.

The executive power was only reached one year after the CBN sent all bank customers in the country to acquire their BVN.

Tuesday, 2 January 2018

Deadline For Bank Accounts Without BVN Ends - Check Date

The deadline for customers of Microfinance Banks (MfBs) and Other Financial Institutions (OFIs) without Bank Verification Number (BVN) linked to their accounts has elapsed on January 1,2018.
Deadline For Bank Accounts Without BVN Ends - Check Date

If the directive by the Central Bank of Nigeria (CBN) earlier in the year is anything to go by, such customers will be unable to make withdrawals from their accounts henceforth.

The BVN enrolment is a brainchild of the apex bank and the Bankers’ Committee, a body of banks’ managing directors and the CBN.

Tuesday, 19 December 2017

Davido nabs Endorsement Deal with First Bank of Nigeria

Davido is prepping for his 30 Billion concert and the music star has nabbed a new endorsement deal with First Bank of Nigeria.

Davido nabs Endorsement Deal with First Bank of Nigeria

He shared the news on his social media page today with the bank’s Instagram handle also sharing a few photos.
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Saturday, 9 December 2017

Abuse naira and go to jail, warns

The Nigerian central bank warned Nigerians on Friday of abusing naira notes.

The apex of the bank said that anyone caught abusing the naira would be prosecuted and, if convicted, was punishable by six months in prison with a N50,000 fine.
Abuse naira and go to jail, warns CBN

Mr. Samuel Shuaibu, the official Department of the CBN currency Operations in Abuja, found it in Calabar, the Cross River State, to launch a "Fair CBN" educating the resident population on the proper use of naira.

The theme of the exhibition was: Promoting Financial Stability and Economic Development.

Tuesday, 5 December 2017

Tony Elumelu receives the Dwight D. Eisenhower Global Entrepreneur Award for 2017

Philanthropy UBA and President Tony Elumelu were named recipient of Global Entrepreneur 2017 Dwight D. Eisenhower.

Tony Elumelu receives the Dwight D. Eisenhower Global Entrepreneur Award for 2017

He was honored by awarding the BCIU(Business Council for International Understanding), a non-profit organization in the United States, dedicated to building relationships and promoting dialogue between companies and governments around the world. world.

Peter Tichansky, president and CEO of the BCIU, described Elumelu as a visionary entrepreneur. He said:
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GTBank is emerging at the best bank in Nigeria

The first African financial institution; The Guaranty Trust Bank plc (GTBank) is recognized as the Bank of the Year in Nigeria 2017 at the Banker Awards in London, United Kingdom.
GTBank is emerging at the best bank in Nigeria

Banker, the Financial Times publication, is the world's first monthly world magazine for the banking industry with more than 90 years of expertise in editorial development in the banking sector in Africa and around the world. Banker Awards are considered to be an industry standard for banking excellence, recognition and glory to the successes of individuals and financial institutions in the global banking industry.

Thursday, 9 November 2017

PFA as the next investment destination, the FCMB example with inherited retirement

If pension is considered to be an invaluable source of income for retirees, and the federal government of Nigeria is so motivated, a retirement pension plan for 2004 has been introduced, it should not be surprising that at 13, the pension industry increased to 6.02 billion of under-management.
PFA as the next investment destination, the FCMB example with inherited retirement

Growth rate is quite unusual compared to the 125-year Nigerian banking sector, which is equivalent to just over 30 billion niggers.

In addition to the rapid growth of the sector, to the extent that pension fund managers have met the expectations of their users loss? What difference does Legacy Pension Limited distinguish? Why has FCMB Group Plc decided to increase its share from 28.2% to more than 88% in this retirement company?
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Friday, 3 November 2017

Diamond Bank to Sell its West African Banking Operations to Focus on Nigeria

Diamond Bank Plc (“Diamond Bank”) – Nigeria’s fastest growing retail bank – is selling its West African banking operations in order to focus on Nigeria’s significant retail banking opportunity.

Diamond Bank to Sell its West African Banking Operations to Focus on Nigeria

Diamond Bank has agreed to sell its operations in Benin, Togo, Cote d’Ivoire and Senegal to Manzi Finances S.A., a Cote d’Ivoire-based financial services holding company. Regulatory approvals have been obtained in all jurisdictions for the transaction, which is anticipated to close before December 31, 2017.

Friday, 4 August 2017

Barclays Bank asks Nigerians with less than £100,000 to close their accounts

Barclays Bank has asked expatriates, including Nigerians, with less than £100,000 deposit to close their accounts.

Barclays Bank asks Nigerians with less than £100,000 to close their accounts


In a letter dated June 12, 2017, the bank informed the customers that would be affected by the policy of its decision to raise the minimum client balance requirement for international banking service
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Thursday, 20 July 2017

Bank of Ghana supports offshore banking services

The Bank of Ghana is in talks with two commercial banks which plan to set up offshore specialized banking services for the country’s free trade zone.

Official of the Board of the Free Trade Zone, Michael Okyere, confirmed the discussions.

Bank of Ghana supports offshore banking services


The specialized type of banking will enable enterprises in the Free Trade Zone to function effectively, especially, in meeting export arrangements.

Saturday, 15 July 2017

GTBank Naira MasterCard Limits Lifted for Foreign Transactions to $1000

GTBank Naira MasterCard Limits Lifted for Foreign Transactions, after several months of inconvenience. The previous limit has led to many of the business owners, Bloggers and internet marketers to get a dollar account with MasterCard just to purchase or renew one stuff or the other.

Wednesday, 28 June 2017

World Bank Reported that Child Marriage will Cost Trillions of Dollars by 2030.

Child marriage will cost developing countries trillions of dollars in the next decade, seriously hampering global efforts to eradicate poverty, the World Bank said on Tuesday.

An estimated one in three girls in the developing world is married before the age of 18, with one girl married off every two seconds, according to experts.

Monday, 26 June 2017

Etisalat’s Debt Crisis: Finally, CBN Intervenes in Etisalat’s Debt Crisis

On saturday been 23rd of june, CBN Governor Mr. Godwin Emefiele handed the directive to urge the consortium of banks to which Etisalat is indebted to the tune of over $1.2 billion to stop putting pressure on the telecom company.

Wednesday, 21 June 2017

See 10 Banks That Took Over Etisalat Nigeria

Yesterday, We posted how Access Bank took over Etisalat but it's now revealed that it's not just Access Bank but Ten Nigerian banks in total were involved in the massive lending service to Etisalat that cumulated to some billions of Naira.