18/8/2016/Punch Anna Okon The Central Bank of Nigeria has granted Fidelity Bank Plc final licence to operate electronic commerce services in Nigeria. In a statement on Thursday, it said the development would enable the lender to empower Micro Small Medium Enterprises in line with its strategic business objectives. The platform, […]

18/8/2016/The Nation By Osagie Otabor The Nigerian Deposit Insurance Corporation (NDIC) said it has paid N2.9 billion to 81,328 insured depositors of failed Microfinance Banks (MfBs) across the country as at December last year. It said a total of 187 MfBs whose licenses were withdrawn by Central Bank of Nigeria […]

August 16, 2016/The Will The Central Bank of Nigeria (CBN) has increased the amount that banks can sell to Bureaus De Change (BDCs) from $30,000 to $50,000. This was disclosed by the Managing Director of UBA Mr. Kennedy Uzoka at the end of the Bankers’ Committee meeting in Abuja on […]