Money Market

CBN Releases Circular on Compliance With the SWIFT Universal Payment Confirmations

October 13, 2020/CBN All banks operating in Nigeria are by this circular reminded of the need to ensure full compliance with SWIFT Universal Confirmations requirements. All SWIFT customers are required to provide confirmation on the outcome of all their incoming single customer payment (MT103) messages to SWIFT via Tracker, also Known […]

Beware of Fraudulent Loan Offers, Investment Schemes-CBN

October 9, 2020/CBN The attention of the Central Bank of Nigeria (CBN) has again been drawn to fraudulent messages and videos in social media circles requesting unsuspecting loan seekers and owners of small-scale businesses to apply for loans or investment schemes purportedly facilitated by the Bank. While the CBN, indeed, […]

Huawei, Sunline Jointly Launch Contactless Digital Loan One Box Solution

This solution will be rolled out across countries and regions, such as Southeast Asia, the Middle East, Latin America, and Africa October 9, 2020/Huawei At HUAWEI CONNECT 2020, Sunline and Huawei (www.Huawei.com) jointly released the Digital Loan One Box Solution — a global contactless solution for financial services. This solution […]