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CBN Says 19 million Bank Customers with BVN, Unveil Measures to Enhance E-Payment

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) said 19 million bank customers have been given the Bank Verification Number (BVN), according to Musa Jimoh, deputy director,… Read more »

FirstBank Boosts Savings Culture among Teenagers with MeFirst Prepaid Cards

August 27, 2015 Press Release/ First Bank of Nigeria First Bank of Nigeria Limited, Nigeria’s most valuable banking brand has opened a window of money management opportunities to encourage Nigerian… Read more »

Fidelity Named Best Bank to Work for in Nigeria-Study

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s tier one lender, Fidelity Bank Plc has been named the best Bank to work for in Nigeria according to a recent study conducted by… Read more »

CBN Unveils Guidelines on Operation of Group Structure by Merchant Banks

By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Wednesday unveiled guidelines on the operation of group structure of Merchant Banks. The circular with reference number FPR/DIR/CIR/GEN/05/012 dated August… Read more »

CBN grants national banking licence to Fortis MFB

The Central Bank of Nigeria has granted a national banking licence to Fortis Microfinance Bank Plc. The approval was confirmed by the Chairman of the bank, Mr. Felix Achibiri, while… Read more »

China market slump: Central bank cuts interest rates

August 25, 2015/ BBC The People’s Bank of China cut its main interest rate by 0.25 percentage points to 4.6% in an effort to calm stock markets after two days… Read more »

Naira Rallies Again, Settles At N208 – $1 In Parallel Market

August 21, 2015/ The Will Nigeria’s naira has sustained the gains recorded this week, edging higher on Friday against the U.S dollar at the parallel market — N208 / $1… Read more »

Ecobank Customer, Others Win in CBN E-payment Incentive Scheme

August 20, 2015/Ecobank Nigeria Ecobank customer, Julie Chioma Ukwosah has emerged one of the winners in the ongoing Central Bank of Nigeria (CBN) Electronic Payment Incentive Scheme (EPIS). At the… Read more »

Fidelity Bank Introduces Save-4-Shelter Savings Promo

Fidelity Bank Plc has unveiled a reward scheme for its customers tagged the ‘Save-4-Shelter’ savings promo. The bank explained that it would continue to roll out savings initiatives because of… Read more »

CBN Finalises Guidelines for Nigerians in Diaspora on BVN

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Wednesday said it has finalised the guidelines for enrolment of Bank Verification Number (BVN) of Nigerian bank customers… Read more »