Union Bank Intervention Funds: CBN RSSF & CBN CACS
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 […]
Nigeria’s Banking Industry: Central Bank of Nigeria
The Central Bank of Nigeria (CBN) is the institution legally charged with overseeing Nigeria’s banking sector. It controls the country’s monetary and fiscal policy, is in charge of the foreign currency reserves, and acts as banker and financial advisor to the government. The nature of the apex bank’s interaction with Nigeria’s banks has changed over […]
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 […]
Nigeria’s Banking Industry: Ecobank
Ecobank Nigeria is part of a pan-African network of financial institutions, with offices in more than half of the countries on the continent. The parent company, Ecobank Transnational, offers a full range of banking and financial advisory services through its subsidiaries, and has established itself as a leading banking brand in West Africa. Close to […]
Nigeria’s Banking Industry: First City Monument Bank
First City Monument Bank (FCMB) is part of a larger banking group, the First City Group, which offers a near-full range of financial services to millions of Nigerians. Its services can be accessed from hundreds of branches spread all over the country, and remotely via electronic means. The bank has fashioned a brand for itself […]
Nigeria’s Banking Industry: Union Bank
Union Bank is one of Nigeria’s oldest financial institutions. It’s also among the country’s biggest, with its total assets worth over $4 billion as of 2018, and several million customers located within and beyond Nigeria. Like the other traditional players in the banking industry, it presents itself to its customers as a reliable partner, one […]
Nigeria’s Banking Industry: Access Bank
Access Bank is one of Nigeria’s largest banking institutions. It provides personal, private and corporate financial services to millions of people in the country, from a growing number of branches and touchpoints located in various states of the federation. The bank has been growing in size and scope of operations over the years. It has […]
Nigeria’s Banking Industry: United Bank for Africa
The United Bank for Africa (UBA) is one of the largest banks on the African continent. It currently provides a variety of financial services to over 14 million people in locations across the world. Most of its market remains in Nigeria, the country in which it was founded 70 years ago. But it presents itself […]
Nigeria’s Banking Industry: First Bank
First Bank is one of Nigeria’s most recognizable financials services brands. It’s also Nigeria’s (and Africa’s) first modern banking institution. It serves over 10 million people in locations across the country and elsewhere on the African continent. It also has a presence in Asia and Europe. Of all the large banking institutions currently operational in […]
Did You Know? Nigeria’s First Insurance Company
The business of insuring property has a long history, especially in Europe where the practice has developed for centuries. In Nigeria, it’s been around for about a century. But Nigerians have only been directly involved with running it for half that time. The first insurer in Nigeria was established in 1918 by colonial British trading […]
Nigeria’s Banking Industry: Zenith Bank
Zenith Bank is one of Nigeria’s leading financial institutions. It provides a range of financial services to tens of millions of people across the country, the African continent, and elsewhere in the world. It became fairly popular in the late 1990s and early 2000s for its pioneering role in the adoption of ICT and tech-supported […]
Things You Need To Know About Bitcoin in Nigeria
Everywhere you turn your head, there is an influx of information about bitcoins around us. Investors, entrepreneurs and stock traders, financial advisers, are daily flooding our heads, leaving us confused about its meaning. In simplest terms, Bitcoin is the oldest and most valued cryptocurrency, it is a digital currency that is not controlled by a central authority, for instance, banks […]