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Nigeria’s Access Bank eschews M&A in Ghana growth strategy

31/10/2017/Reuters Chijioke Ohuocha Nigeria’s Access Bank plans to pursue organic growth in Ghana rather than mergers or acquisitions after the central bank raised the minimum capital requirement for lenders in… Read more »

CBN Pumps Another $195m into Forex Market

Culled—Proshare November 1, 2017/CBN  The Central Bank of Nigeria (CBN), on Tuesday, October 31, 2017, injected another $195 million into the inter-bank Foreign Exchange market. The apex Bank offered the… Read more »

FirstBank Leads Payment Cards Issuance with 10 Million Cards

October 31, 2017/First Bank of Nigeria The premier financial institution and Nigeria’s most valuable bank brand, First Bank of Nigeria Limited has been named the first financial institution in Nigeria… Read more »

Ecobank Holds Customer Forum, Pledges More Support For Import, Export Trade

October 31, 2017/Ecobank Nigeria Ecobank Nigeria has organized customer forum for exporters and importers targeted at boosting trade and commerce in the country.   Country Head, Commercial Banking, Ecobank Nigeria, Rotimi… Read more »

CBN Issues Deadline on Repatriation of Oil, Non-Oil Export Proceeds

October 30, 2017/CBN  Further to the provisions of the circular Ref: TED/FEM/FPC/GEN/01/005 of February 19, 2015 on the above subject, exporters are hereby reminded that failure to repatriate their exports… Read more »

Unity Bank Names Aminu Babangida as Board Chairman

October 27, 2017/NSE  This is to formally notify shareholders of Unity Bank Plc. and other stakeholders of the Bank that, the Board of Unity Bank Plc. at an Emergency Meeting… Read more »

Fitch: Islamic Finance Standardisation Will Be Slow

25/10/2017/Fitch Ratings The lack of standardisation in Islamic finance is a significant constraint on the industry’s growth and we expect progress to be slow given the scale of the challenge,… Read more »

Mastercard Send Continues to Lead Advances in Push Payments Globally

October 25, 2017/Mastercard Jorn Lambert When we launched Mastercard Send in May 2015 as the first-of-its-kind brand agnostic card based push payments platform, we knew we were on to something… Read more »

Standard Chartered Partners Mastercard on Cross-Border Payments

Mastercard Send Helps Leading Global Banks Deliver Faster, Cheaper and More Transparent International Payments Services to Both Consumers and Businesses October 25, 2017/Mastercard Today Mastercard announced Standard Chartered Bank as… Read more »

Mastercard, Western Union Team Up on Transfers to U.S. Debit Cards

October 25, 2017/Mastercard Today Mastercard and The Western Union Company announced they are working together to integrate Mastercard Send into the Western Union Money Transfer® service, allowing Western Union to… Read more »