Archives Tag: Bank
The CBN’s Plan To Redesign The Naira: 6 Facts You Should Know
April 19, 2022
The Central Bank of Nigeria on Wednesday announced that it would be redesigning the ₦200, ₦500, and ₦1,000 notes. Godwin Emefiele, the CBN governor, disclosed this at a press briefing. Read more about Business According to the apex bank, the new notes will begin circulating on December 15, 2022. However, the old notes will remain … Continue reading The CBN’s Plan To Redesign The Naira: 6 Facts You Should Know
Apply For The African Export-Import Bank (AFREXIM Bank) Internship Program 2022/2023
April 19, 2022
The African Export–Import Bank (AFREXIM Bank) is seeking applications from undergraduate and postgraduate students who want to become its interns. Persons who fit this profile and are eager to gain valuable skills and knowledge en route to a career in international finance are encouraged to apply. Read more about Opportunities AFREXIM Bank exists to support trade … Continue reading Apply For The African Export-Import Bank (AFREXIM Bank) Internship Program 2022/2023
How Digital Banking Could Evolve Over The Next Ten Years
April 19, 2022
Banking has undertaken an exhilarating journey of transformation in the past couple of decades. We have witnessed the appearance of mobile banking applications, which initially existed to complement service provision at banking halls. We’ve watched the emergence of fully digital financial institutions that do practically everything we expect of physical banks, but via online platforms. … Continue reading How Digital Banking Could Evolve Over The Next Ten Years
$140,000 In Grants on Offer in the African Development Bank (AfDB) 2022 AgriPitch Competition
April 19, 2022
The African Development Bank (AfDB) invites AgriTech startups from across the continent to enter its AgriPitch competition. If you are a startup founder in the agriculture industry, you may consider applying for this contest. If the AfDB selects your startup to participate, you’ll stand the chance of sharing from a total grant pool of $140,000. … Continue reading $140,000 In Grants on Offer in the African Development Bank (AfDB) 2022 AgriPitch Competition
Apply For the Premium Trust Bank Graduate Trainee Program
April 19, 2022
Premium Trust Bank, a contemporary bank with a presence in multiple locations across Nigeria, is seeking suitably qualified persons to join it as graduate trainees. If you would like to begin a career in banking, here’s an opportunity you may consider taking advantage of. Read more about Opportunities The bank, which commenced operations in April … Continue reading Apply For the Premium Trust Bank Graduate Trainee Program
DBN Disburses N482bn To Boost MSMEs
April 19, 2022
The Development Bank of Nigeria Plc (DBN), announced it has shelled out a total sum of N482 billion to Micro, Small, and Medium Scale Enterprises (MSMEs) in the country since its commencement. The bank revealed that 65 percent of the beneficiaries were women and youth-owned businesses. This was stated at its 2022 Annual General Meeting … Continue reading DBN Disburses N482bn To Boost MSMEs
How To Start A Small Business Without Breaking The Bank
April 19, 2022
Many problems people face in starting their small businesses are based on a lack of capital. In the sense that the idea they have in their head is great, however, seeking loans from the banks to start their businesses proves more abortive than fruitful. How to tackle this issue is a major debate that many … Continue reading How To Start A Small Business Without Breaking The Bank
Kuda Bank Hits $500 Million Valuation In Records Time, Becomes 7th Richest Bank In Nigeria
April 19, 2022
4 Strategic Lessons Neobanks and FinTechs Can Learn Sometime in August of 2021, Kuda Bank, one of Nigeria’s leading fintech companies, announced it has closed a $55 million Series B funding co-led by Valar ventures and Target Global. This boosted their valuation to $500 million, making it the 7th largest bank by valuation in … Continue reading Kuda Bank Hits $500 Million Valuation In Records Time, Becomes 7th Richest Bank In Nigeria
Banks VS FinTechs: The Battle For Young Customers
April 19, 2022
Nigeria’s banks and FinTechs are in a silent battle for the attention of Nigeria’s youth. It’s been simmering beneath the surface for a while now. But the signs are that it’s about to become an open ‘combat’. Read more about FinTech This contest isn’t coloured with severe hostility; at least not yet. Many financial … Continue reading Banks VS FinTechs: The Battle For Young Customers
Business Growth Tips: How to Get a Loan From a Bank
April 19, 2022
Businesses don’t always have the funds they need to cover their costs. Sometimes, they have to seek financing from some other source. Banks are among the first options entrepreneurs think about when the question of external funding comes up. They’re an obvious candidate in this respect; lending to businesses is one of the things they … Continue reading Business Growth Tips: How to Get a Loan From a Bank
Did You Know? A Roundup of Key Business Facts from 2020
April 19, 2022
In 2020, Nigeria’s business environment was hit by multiple currents. A global pandemic touched down on our shores, eventually tipping the country into recession. Some businesses struggled; a few thrived. The borders were shut for much of the year, but there was global commerce of a different kind going on via the internet, on smartphones … Continue reading Did You Know? A Roundup of Key Business Facts from 2020
FCMB is Moving to Acquire 96% of AIICO Pensions
April 19, 2022
The FCMB Group seems certain to acquire 96% of AIICO Pensions. Both parties appear to have reached an agreement to this effect, reports coming in on Monday have suggested. If actualized, the deal would see AIICO Pensions effectively become a subsidiary of the FCMB Group. An earlier statement from the FCMB Group CEO, Ladi Balogun, had … Continue reading FCMB is Moving to Acquire 96% of AIICO Pensions
Win Up to $10,000 in the Ecobank Fintech Challenge 2020
April 19, 2022
Entries are now open for the 2020 edition of the Ecobank Fintech Challenge. Startups working in financial technology from across Africa are invited to pitch their ideas to Ecobank, in order to win the funding and support they require to scale. Participating fintechs are expected to present solutions in key areas of concern listed by … Continue reading Win Up to $10,000 in the Ecobank Fintech Challenge 2020
Union Bank Intervention Funds: CBN RSSF & CBN CACS
April 19, 2022
Central Bank of Nigeria Real Sector Support Facility (RSSF) In a bid to unlock the potentials of the real sector and engender output growth, value added productivity, and job creation, the Central Bank of Nigeria (CBN) launched the N300 billion Real Sector Support Facility (RSSF). The major purpose of the initiative is to support large … Continue reading Union Bank Intervention Funds: CBN RSSF & CBN CACS
By ugo-chinedu
How the CBN’s New Bank Payment Rules Could Affect You
April 19, 2022
On the 13th of September, the Central Bank of Nigeria (CBN) introduced new rules for interbank electronic fund transfers. These rules, which are to take effect from the 2nd of October, are aimed at curbing the widespread problems with electronic fund transfers which banks and their problems frequently encounter. The issues covered by the new … Continue reading How the CBN’s New Bank Payment Rules Could Affect You
