August 20, 2021/CBN The Central Bank of Nigeria (CBN) has observed the activities of some Microfinance Banks (MFBs) that have gone beyond the remit of their operating licenses by engaging in non-permissible activities especially wholesale banking, foreign exchange transactions and others. Given the comparatively low capitalisation of MFBs, dealing in […]
Money Market
Stanbic IBTC Reiterates Commitment to Quality Education Through Tertiary Scholarship Scheme
August 19, 2021/pplusmeasurement In determination to help solve some of the challenges in the education sector, Stanbic IBTC Holdings PLC, a member of Standard Bank Group, recently instituted a scholarship scheme. The scholarship scheme was targeted at successful candidates in the University Tertiary Matriculation Examinations (UTME) conducted by the Joint […]
CBN Secures Order Freezing Risevest, Bamboo Accounts Over ”Illegal FX Transactions”
August 18, 2021/The Cable By Bolanle Olabimtan of TheCable TheCable is reporting that a federal high court in Abuja has granted the request of the Central Bank of Nigeria (CBN) to freeze accounts of fintech companies for 180 days. The accounts include that Rise Vest Technologies Limited, Bamboo Systems Technology […]
