Archives Tag: Financial Institution

Finance

April 19, 2022

Central Bank of Nigeria Non-Oil Export Stimulation Facility (NESF) The Central Bank of Nigeria in its bid to diversify the revenue base of the Nigerian economy and to expedite the growth and development of the non-oil export sector, introduced the Non-Oil Export Stimulation Facility (NESF). Redressing Nigeria’s declining export financing as well as re-positioning the … Continue reading Union Bank Intervention Funds: NESF and ABP

By ugo-chinedu

Finance

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

BUSINESS

April 19, 2022

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 … Continue reading Nigeria’s Banking Industry: Central Bank of Nigeria

By ikenna-nwachukwu

BUSINESS

April 19, 2022

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 … Continue reading Nigeria’s Banking Industry: Polaris Bank

By ikenna-nwachukwu

BUSINESS

April 19, 2022

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 … Continue reading Nigeria’s Banking Industry: Ecobank

By ikenna-nwachukwu

BUSINESS

April 19, 2022

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 … Continue reading Nigeria’s Banking Industry: First City Monument Bank

By ikenna-nwachukwu

BUSINESS

April 19, 2022

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 … Continue reading Nigeria’s Banking Industry: Union Bank

By ikenna-nwachukwu

BUSINESS

April 19, 2022

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 … Continue reading Nigeria’s Banking Industry: Access Bank

By ikenna-nwachukwu

BUSINESS

April 19, 2022

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 … Continue reading Nigeria’s Banking Industry: United Bank for Africa

By ikenna-nwachukwu

BUSINESS

April 19, 2022

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 … Continue reading Nigeria’s Banking Industry: First Bank

By ikenna-nwachukwu

BUSINESS

April 19, 2022

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 … Continue reading Did You Know? Nigeria’s First Insurance Company

By ikenna-nwachukwu

BUSINESS

April 19, 2022

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 … Continue reading Nigeria’s Banking Industry: Zenith Bank

By ikenna-nwachukwu

E-Commerce Opinion

April 19, 2022

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 … Continue reading Things You Need To Know About Bitcoin in Nigeria

By adepeju