The Central Bank of Nigeria (CBN) has announced the upcoming implementation of an Electronic Foreign Exchange Matching (EFEM) system, aimed at streamlining foreign exchange transactions in the interbank market. In a circular issued by Dr. Omolara Duke, Director of Currency Operations at the CBN, it was confirmed that a two-week […]
BANKING
Zenith Bank, one of Nigeria’s premier financial institutions, has fully restored and enhanced services across its electronic transaction channels, ensuring customers can once again enjoy uninterrupted access to a wide range of banking services. In an announcement made on Thursday via its X (formerly Twitter) handle, the bank confirmed that […]
Nigeria’s definitive bank for small and medium-sized businesses, as well as their customers and employees, Moniepoint Microfinance Bank has made securing digital payments a top priority, implementing the need for additional Factor of Authentication by customers when making payments. It has introduced a Multi Factor Authentication, MFA on its mobile […]
PalmPay, a leading financial platform with over 30 million users on its smartphone app in Nigeria, today announces the launch of its USSD code. This service offers Nigerians an additional way to manage their finances without the need for internet connectivity. With the PalmPay USSD code, customers can now perform […]
FBNQuest Trustees Limited has issued a public statement to address and refute claims of a supposed business relationship with Maihomm Trustees/Maihomm Management. The company firmly denies any such partnership or collaboration, stating that these allegations are entirely unfounded. In the notice, FBNQuest Trustees emphasized that it has not entered into […]
The Central Bank of Nigeria (CBN) has approved a significant merger between Unity Bank Plc and Providus Bank Limited, aimed at bolstering the stability of Nigeria’s financial system and mitigating potential systemic risks. The announcement was made by Mr. Hakama Sidi Ali, a spokesperson for the CBN, in Abuja. In […]
PalmPay is at the forefront of a major and positive transformation in the financial industry. Being a well-known fintech pioneer, PalmPay is a force to be reckoned with in agent banking and commercial banking solutions. With more than 1.1 million Agents and Merchants in its strong network, PalmPay is dedicated […]
The ‘Giant in you’ campaign of the FirstBank has again confirmed the common expression that ‘apple doesn’t fall far from the tree’ given the history of the financial brand and its legendary relevance to the growth of enterprises, within and outside Nigeria. In its usual creative conjecture, 13O-year-old FirstBank, has […]
For the fifteenth consecutive year, Zenith Bank Plc has retained its position as the Number One Bank in Nigeria by Tier-1 Capital in the 2024 Top 1000 World Banks’ Rankings, published by The Banker Magazine. This ranking places Zenith Bank Plc as the 565th Bank globally with […]
Leading fintech platform PalmPay with an emphasis on Africa has been listed among the distinguished list of the “Top 250 Fintech Companies in the World” for 2024 by Statista and CNBC. This acknowledgment highlights PalmPay’s noteworthy advancements in financial inclusion as well as its quick expansion. The CNBC/Statista list recognises […]