Culled—Proshare 5/10/2018/CBN In an effort to promote financial inclusion and enhance access to financial services for low income earners and unbanked segments of the society through leveraging on technology, the Central Bank of Nigeria (CBN) is proposing the establishment of Payment Service Banks. This is in furtherance of its mandate […]
Money Market
CBN Proposes N5bn Capital Requirement For Payment Service Banks
Culled—-Proshare October 8, 2018/CBN CBN Publishes Guidelines For Licensing and Regulation of Payment Service Banks in Nigeria Banking agents, Mobile Money Operators (MMOs), Retail chains (Supermarkets), Telecommunications companies (Telcos), which through their subsidiaries, desire to convert to Payment Service Banks (PSBs) should have a minimum capital requirement of N5 billion, […]
Heritage Bank Backs Global Movement for Affordable Solar Electricity in Lagos
October 8, 2018/Heritage Bank Heritage Bank Plc has aligned forces with ‘Liter of Light Nigeria’, a global open source movement, to provide sustainable solar electricity for Itomaro community in Lagos State. Passionate about making cheap and sustainable solar street lights accessible to the impoverished off-grid communities in Nigeria, the partnership, […]
