By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN), Nigerian Banks, Mobile Money Operators, and Super Agents said on Tuesday they are set to roll-out a 500,000 Shared Agent Network to deepen financial inclusion and create jobs in Nigeria within two years. Herbert Wigwe, chairman of the body […]
Money Market
CBN Exposure Draft – Licensing of Private Asset Management Company
March 27, 2018/CBN Developments in the Nigerian banking industry have necessitated the need for the licensing of Private Asset Management Companies (PAMCs) to play complementary roles in the management of non-performing assets of the industry. We forward herewith, an Exposure Draft of the Framework for Licensing, Regulation and Supervision of […]
Wema Bank Secures $35m from International Lenders to Fund SMEs
Culled—Proshare March 27, 2018/Wema Bank Wema Bank Plc. has signed a Line of Credit Agreement with the African Development Bank (AfDB) to grow financial support to small and medium scale businesses in Nigeria. The innovative bank, which pioneered Africa’s first fully digital bank ALAT, confirmed that AfDB has already disbursed […]
