World Bank data indicates that global poverty rate is declining. But in sub-Saharan Africa, the number of those living in extreme poverty keeps rising. The Nigerian Sustainability Business Principles (NSBP), which was established to reverse the trend and bring better life to Africans, has brought stakeholders in the financial sector together to enhance economic growth […] …
banking
We’ve standardised banking programmes in 58 institutions – Olowu, CIBN president
“We have designed strategies for the upskilling and reskilling of our members through the review of the existing Certification Programmes targeted at sectoral competencies.” Omodele Adigun As e-fraud and other financial crimes continue to rock the banking sector, Dr. Uche Olowu, the President of the Chartered Institute of Bankers of Nigeria (CIBN) believes that all […]
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Illegal charges, frauds vs integrity of banking
Video: GTB launches Habari, online shopping, music platform
GTB launches Habari: an online shopping, music streaming site Guaranty Trust Bank (GTBank) made a claim to being Nigeria’s most innovative bank as it announced the launch of Habari, an online platform for music, shopping, lifestyle content and more.Unveiled on Friday at a special event attended by renowned personalities in the
Banks not doing enough for SMEs – Odude, President, BCI
“Where government generates most of its income from taxes, the attitude of government will be to encourage enterprises and SMEs at every level.” Bimbola Oyesola Full participation of Nigeria in the African Continental Free Trade Agreement (AfCFTA) has been a major issue where manufacturers have vehemently warned that it would turn Nigeria into a dumping […]
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Reform or die, Osinbajo urges Nigerian banks
Vice President Yemi Osinbajo Thursday, advised Nigeria’s financial services institutions to urgently embrace operational reforms to meet with the inevitability of the Fintech revolution or risk being left behind by competition. READ ALSO: ‘How Africa FinTech Foundry’ll boost innovation, create opportunities’ Speaking at the ongoing first ever Africa Investment Forum in Johannesburg, Osinbajo said there are […]
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SMEs financing: Fidelity Bank gets $50m lifeline from AFDB
The African Development Bank (AfDB), has approved a $50 million line of credit to Nigeria’s Fidelity Bank Plc to support small and medium enterprises financing. READ ALSO: Banks that stay focused on core business’ll remain profitable –Okonkwo, Fidelity Bank boss The money is also meant to support women-owned enterprises in selected transformative sectors, including close to […]
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Digital currency threat to financial stability – Ibrahim, NDIC boss
According to Ibrahim, the proliferation of digital currency like Bitcoin has led to the partial disintermediation of the banking system. Omodele Adigun Since the advent of digital currency, traditional banking institutions have not remained the same again. In fact, “the fabric of the global financial stability is constantly being threatened”, says Umar Ibrahim, the Managing Director/Chief […]
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Flood, Award dominate news (Video)
Flood The European Union (EU) Ambassador to Nigeria and ECOWAS, Ketil Karlsen says the union has approved one million euros (N400million) to assist three of the nine states affected by flood in the country.Karlsen, at a joint press conference by the National Emergency Management Agency (NEMA) and the European Commission in
Why we’re refocusing on sustainable banking – Dozie, Diamond Bank boss
“I think Diamond Bank is just a platform. But we are trying to provide beyond banking services to our customers. This means we are not just all about banking” Amechi Ogbonna Uzoma Dozie, the amiable Chief Executive of Diamond Bank Plc, is a banker and economist that is very passionate about the development of Nigeria’s small businesses. […]
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