The Bank of Industry (BoI) says it has set aside ₦1 billion to support fashion entrepreneurs in Nigeria. According to the bank, interested parties must be involved in the production and marketing of fashion items like clothes, handbags, shoes, jewellery and other fashion accessories. The bank also said it will support ‘initiatives that can improve […]
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The Chief Risk Officer of Coronation Merchant Bank; Mr. Magnus Nnoka has been elected as the new president of the Risk Management Association of Nigeria (RIMAN). His election took place at the 18th Annual International Conference and Annual General meeting of the Association which took place recently at the Eko Hotels and Suites. Now in […]
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Shareholders of Stanbic IBTC Holdings Plc, yesterday, at the sixth Annual General Meeting in Lagos, unanimously endorsed the ₦5.02 billion total dividend recommended by the Board of Directors for the year ended December 31, 2017, while seeking for increased dividend payment. The dividend approved amounted to 50kobo per ordinary share of 50kobo each. Speaking, Chairman, […]
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Minister of Information and Culture, Alhaji Lai Mohammed has challenged the Central Bank of Nigeria, CBN, to spur more actions in the electronic payment system to fully exploit the potentials of the sector in economic growth and development. The minister who was guest at the Electronic Payment Providers Association of Nigeria, (E-PAAN) media workshop in […]
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Heritage Bank Plc is com-mitted to innovative banking services with its transparent MasterCard. Its Head of Corporate Communications, Fela Ibidapo, disclosed this in a statement over the weekend, where he highlighted the philosophy behind the bank’s e-payment offerings. According to him, there is more to e-payment than Nigerian banking customers are currently enjoying. He promised […]
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Fidelity Bank Plc has launched a payment solution, Flashkey, which allows customers to make payments or transfers by using their phone keyboards. The bank said in a statement that the initiative was designed to allow customers send money and pay bills using their phone keyboards without recourse to the online banking platform installed on their […]
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Unity Bank has partnered Young Professionals Breakfast Roundtable to mentor youths in career development. Its Chief Executive Officer (CEO), Mrs Tomi Somefun, who spoke at the 2018 edition of the youth programme in Lagos, enjoined participants to see the “pursuit of greatness as a process rather than a one-off-event”. She was among the over 50 […]
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FBNQuest Asset Management, a subsidiary of FBN Holdings Plc, has announced the commencement of an investment awareness campaign tagged, ‘#BuildingTogether’. The firm said in a statement on Tuesday that the initiative was aimed at providing Nigerians with extensive insights on “retail and institutional investment opportunities that will help them take advantage of what the markets […]
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First Bank of Nigeria Limited on Tuesday unveiled plans to deepen its intervention in the health sector with the empowerment of 10,000 visually impaired Nigerians. The 10,000 visually impaired low-income Nigerians, according to the bank, will be provided with free pairs of eye glasses. The glasses are to be distributed to them within a period […]
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The African Export-Import Bank (Afreximbank) has expressed its readiness to work with the Federal Government arrange about $1 billion financing for government’s investments in trade-enabling infrastructure. The bank has so far approved financing amounting to $17 billion for Nigerian entities between its commencement of operations in 1994 and last December, its President Benedict Oramah, said. […]
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ADE AYEYEMI’S office in Lomé, the capital of Togo, is a good place to think about crossing borders. Ghana is ten minutes’ drive away. From his window the boss of Ecobank can watch trucks rumble along the seafront, some bound for Burkina Faso, a day’s journey, or Mali, perhaps another day on. At night, cargo […]
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A Domiciliary account is a bank account where you can receive or send money in foreign currencies such as the dollar, pounds, euro. You can open a domiciliary account in any Nigerian bank and operate it while abroad or within the country with your MasterCard or internet banking. A domiciliary account (Dom account) is operated […]
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