Union Bank Intervention Funds – CBN MSMEDF, AGSMEIS
Central Bank of Nigeria Micro Small and Medium Enterprises Development Fund In recognition of the significant role and contributions made by Micro, Small and Medium Enterprises (MSMEs) to the economic growth and development of Nigeria, the Central Bank of Nigeria (CBN) launched the MSME Development Fund on August 15, 2013 with a share capital of […]
Nigeria’s Banking Industry: Polaris Bank
Polaris Bank is one of Nigeria’s most recently founded financial institutions. Established by the CBN in 2018, it provides financial services to millions of people and businesses in the country, through its many offices, ATM outlets, a mobile app, and on the internet. The company was actually founded as a ‘bridge bank’ to manage the […]
The Law & You: Tools Of Monetary Management And Control Of Banks
A bank is an establishment authorized by a government to accept deposits, pays interest, clear checks, make loans, act as intermediary in financial transaction, and provide other financial services to its customers. If a nation’s economy were a human body, then its heart would be the central bank. And just as the heart works to […]
Women You Should Know- Osaretin Afusat Demuren
If the term ‘Slay Queen’ is of a positive connotation, then Osaretin Afusat Demuren should fall in the category of synonyms or definitions for that phrase. In the simplest way of referencing, Osaretin could be regarded as a Nigerian banker, and more notably as, the first female Chairman of Guaranty Trust Bank; a bank that […]
Men You Should Know: Akintola Williams
The First African to qualify as a chartered accountant and the first President of the Institute of Chartered Accountants of Nigeria. Akintola Williams is a Pioneer in its truest definition.
App Of The Week: Zenith Bank Mobile App
The Zenith bank mobile app allows customers enjoy unlimited and flexible banking at the comfort of their own homes. It lets them carry out various transactions such as money transfers, checking account balance, paying bills and many more at any time of the day from any location. Meet The App The Zenith bank mobile app […]
Fin-Tech Startup PiggyBank, now known as PiggyVest
PiggyBank, the financial management tech startup is taking big leaps in 2019, stepping into new boundaries and exploring new possibilities in the fin-tech industry where it has garnered admirable influence. In a recently published blog post, PiggyBank announced it’ll be broadening its business coverage, moving from being just a savings product into a ‘robust financial […]
Should You Get a Bank Loan for Your Business?
Maybe you’re a risk averse, debt loathing entrepreneur. Or you could be a businessperson who isn’t troubled about taking out a big loan. Whichever of these descriptions you identify with, you’ve probably considered getting funding for your business from a lender of some sort, whether they’re formal or informal. Banks are the traditional formal lenders […]
App Of The Week: First Mobile
First Mobile is the app for all First Bank account holders. The app is enriched with a wide range of services to ensure that users can bank from the comfort of their own homes. Released in 2015, the app was designed with a simple and elegant interface to ensure that users navigate through it easily […]
CBN Announces Takeover of Skye Bank By Polaris Bank
The Central Bank of Nigeria has announced that it has revoked the operating license of Skye Bank, one of the country’s major commercial banks. This was disclosed by the CBN Governor Godwin Emefiele, at a press briefing held in Lagos on Friday. Mr. Emefiele also revealed that the assets and liabilities of Skye bank were […]
Chat with Leo: UBA Chat Banking Bot Now Available on Messenger and WhatsApp
“Hi, I’m LEO an artificial intelligence personality bringing banking through a simple conversation.” Honestly, if your favourite bank isn’t offering chatbots yet, then maybe open a new account with one that does. We first saw ‘Ada’ from Diamond Bank, and now we have ‘Leo’ by UBA. And just like we saw in Leo’s brief introduction […]
Seven Banking Packages For Your Small Business
Finding the right set of banking services for your business can be a bit of a headache, unless you just decide to consult your friends, and go with what they say (if it sounds fine to you). But your needs and preferences may differ from those of the people, whose opinion you seek. You might […]
MasterCard Set to Launch Facial Recognition Payment Service
The Electronic Payment Providers Association of Nigeria (E-PPAN) has declared that MasterCard plans to launch a facial recognition payment service in an effort to halt increasing cybercrimes. Mrs Onajite Regha, the Chief Executive Officer of E-PPAN, announced this new development on Wednesday, during an interview with News Agency of Nigeria (NAN). According to Regha, this […]
How to Use UBA’s New Contactless Cards
We’re excited about the brand new contactless payment cards launched by the United Bank for Africa recently. This is the first time the innovative product is being introduced to Nigerians, with UBA setting the pace for other banks to follow. The card looks like your average cash payment card, its only difference being the Near […]
Nigerian in Diaspora? Where to Get Your BVN Today
Are you a Nigerian living abroad? You can also get your BVN without hassle. Get your BVN by visiting any of the addresses in the table below with the following documents: · A valid means of identification e.g. Current International Passport, Driver’s License/National ID Card. · Account Name and Account Number · One recent passport photograph · Enrollment […]
4 More Days to Register for BVN
According to media reports, a total of 21 million customers in the country have obtained their BVN so far. Also, about 12,000 bank customers in the diaspora have taken advantage of the BVN registration centres created outside the country by the Central Bank of Nigeria (CBN) and the bankers’ committee. This is great news but […]