Central bank governors from across Africa have said appropriate mechanism should be established to tap into various sources of capital to finance Small and Medium-Scale Enterprises. They listed the alternative funding sources as Diaspora remittances, pension funds, sovereign wealth funds and excess foreign reserves. The group also identified inadequate infrastructure […]

Deposit Money Banks will need to begin aggressive moves to retain private sector customers following the recent increase in Cash Reserve Requirement of private sector deposits by the Central Bank of Nigeria’s Monetary Policy Committee. The MPC had last week increased the CRR on private sector deposits to 15 per […]

Jaiz Bank plc has planned to open 12 additional branches across the country, this year. Presently, the bank has thirteen branches, a statement from the bank said yesterday. The statement issued by the Head of Corporate Communication of Jaiz Bank, Idris Salihu, said the banks aimed to have 25 branches […]