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
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
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
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
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
Naira Exchange Rates