Category Archives: Banking

Improved Forex supply deflates banks’ e-payment income


BANKS’ income from electronic payment (e-payment) businesses fell by 11.6 percent in 2017, prompted by the improved foreign exchange supply for invisibles by the Central

Avoiding a freeze on your business account

freeze- your-business-account

As you are probably already aware, in order to accept credit cards for your business, you have to open a merchant account with a bank.

Specta online platform advances N2bn loans in four months


Specta, the revolutionary lending platform powered by Sterling Bank, has advanced consumer loans worth N2billion to salaried workers who are members of the lending platform’s

UBA takes chat-banking platform to five countries

UBA takes chat-banking platform to five countries

United Bank for Africa (UBA) Plc’s flagship Chat Banking personality, Leo, is set to change the face of e-banking across key African markets following its

Transactions via cheque hit N1.32 trillion in three months


About N1.32 trillion values of transactions were carried through cheque truncation in the first three months of the year. Cheque truncation is the conversion of

Government gets $1b debt offer from Afreximbank


Government gets $1b debt offer from AfreximbankDenies targeting manufacturers in new fiscal regime The African Export-Import Bank (Afreximbank) has reiterated its cooperation with Nigeria in

Understanding the differences between debit and credit cards

The best way to ensure the balance between the energy supplied and what an electricity customer consumes is to install a meter. And such a

Bank unveils auto loan scheme for SMEs

Bank unveils

Sterling Bank Plc has unveiled an automobile finance partnership deal with Tata Africa Services Limited to provide easy and affordable facility for Small and Medium

Zenith Bonded Terminal grows capacity utilization by 60% in one year


Zenith Bonded Terminal has grown its capacity utilization by 67 percent, Chief Executive Officer, Chief Innocent Obelle, has said. Obelle who made this known in

Bank directors’ dividends rise to N30bn despite CBN’s restrictions


DESPITE the last minute directive by the Central Bank of Nigeria, CBN, that restricted banks’ dividend pay-outs, leading banks which are quoted on the Nigerian

Handling your payments without a current account

Handling your payments without a current account

If you are unable to open a current account, you may be at a loss on what you are going to do to pay your

Sterling Bank grows shareholders’ fund by 20.2%


Sterling Bank Plc grew its shareholders’ fund by 20.2 per cent to N102.9bn in 2017 from N85.7bn in 2016. The lender said on Thursday at

Stanbic IBTC Bank launches new product for SMEs


Stanbic IBTC Bank has introduced a new banking product that will help small and medium scale enterprises, SMEs, save cost and optimize their business margins/revenues.

BoI unveils plans to de-risk loans to small businesses


The Bank of Industry (BoI), has opened discussions with the Small and Medium Enterprise Development Agency of Nigeria (SMEDAN), and the Nigeria Export and Import