Ecobank to Increase Support to SME

By Akin Akinremi Ecobank Nigeria has restated its commitment to be the leading Small and Medium Enterprises (SME) friendly and supporting bank in the country. Head, SME and Value Chain…

My Job is to Develop SMEs Towards Economic Emancipation of the Nation

Commissioner for Commerce, Industry and Cooperative, Lagos State, Prince Rotimi Ogunleye, in this interview with selected editors explains his plans to develop the small and medium enterprises for economic emancipation of the…

Industrialist Commends Sterling Bank’s Support to Nigeria’s Economic Growth

By Akin Akinremi The Chairman and Chief Executive of The Bazaar Limited, a growing player in the retail outlet and food chain business in Nigeria, Mr. Rajesh Mehta, has commended…

Oworu Joins First Bank Board, Mahey Rasheed, Abiru Bow Out

First Bank of Nigeria Limited, Nigeria’s most valuable banking brand and foremost financial institution, has announced the appointment of Mrs. Olusola Adetoun Oworu to its Board of Directors as an…

FG Asks MTN to Withdraw Court Case for Out-of-Court Settlement

The Federal Government on Tuesday has given conditions for an out-of-court settlement with MTN Nigeria in respect of the N780bn fine imposed on the company by the Nigerian Communications Commission for having…

CBN Retains MPR, CRR at 11%, 20% Respectively

By Akin Akinremi Contrary to expectations that the Monetary Policy Committee (MPC) would approve a radical change in the monetary policy, the committee headed by Central Bank of Nigeria Governor…

CBN Introduces Current Account Maintenance Fee

The Central Bank of Nigeria (CBN) has introduced a Current Account Maintenance (CAM) Fee. In a circular to banks last week signed by Director, Financial Policy & Regulation Department,  Mr.…

Visa Partners UBA to Launch Smartmoney

Global electronic payment company Visa in partnership with the United Bank for Africa Plc (UBA) has announced the launch of SmartMoney, a 21st century banking solution comprising a prepaid card and a…

$3.9billion Fine: MTN, NCC Move to Settle Out of Court

It emerged on Friday that MTN Nigeria had commenced moves to settle out of court its dispute with the Nigerian Communications Commission (NCC) over the $3.9billion imposed on it by the commission.…

N50 Stamp Duty: CBN Clarifies Misconceptions

The Central Bank of Nigeria (CBN) has clarified some misconceptions among members of the public on the implementation of N50 stamp duty on bank transactions. The CBN had, in a…