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Money Market Rate Decreased Marginally as OVN and OBB Fell to 19.75% and 19.17% Respectively

Culled—Proshare October 15, 2018/Anchoria AM Research Money Market  The money market rate decreased marginally last week as the Overnight rate (OVN) and Open Buy Back (OBB) fell to 19.75% and… Read more »

FirstBank Boosts Technological Advancement in Banking, Sets to Host Fintech Summit

October 11, 2018/FirstBank In line with its corporate strategy to drive transformation through its products, processes and services, FirstBank has announced a 3-day FINTECH summit themed the future of banking… Read more »

AMCON Wants Polaris Bank Sold in Two Years

October 11, 2018/Punch Feyisayo Popoola with agency report The Asset Management Corporation of Nigeria has said it wants a quick sale of Polaris Bank, the lender created to take over… Read more »

Quickteller Paypoint Effects Charge-Free Transactions for Customers

October 9, 2018/mediacraft Interswitch Financial Inclusion Services (IFIS), trading as Quickteller Paypoint, has announced partnerships with key billers in various sectors (Betting, Energy and Electricity, Cable) Companies that will enable… Read more »

Fidelity Bank Launches GAIM Season 3 Promo to Boost Savings Culture in Nigeria

Culled—Proshare October 8, 2018/Proshare WebTV  In furtherance of its drive to boost a national savings culture in Nigeria, Fidelity Bank Plc today announced the launch of the Season 3 phase… Read more »

FirstBank Promotes Financial Inclusion, Launches XploreFirst Savings Promo for Students

October 8, 2018/FirstBank Nigeria In alignment with its financial inclusion drive, First Bank of Nigeria Limited has announced a promotional campaign aimed at rewarding its youth segment customers for using their… Read more »

Renmoney Emerges Winner of Microfinance Excellence Award

October 8, 2018/Mediacraft Renmoney, a Nigerian consumer lending company, has emerged the winner of the ‘Award for Excellence in Microfinance Banking’. The award was presented at the 8th edition of the… Read more »

Paxful looking at Cryptocurrency’s Potential in East Africa

October 8, 2018/Paxful The need for investing in Cryptocurrency is steadily rising in East Africa; specifically Kenya as more and more people are gradually gaining trust/confidence in the use of… Read more »

Interest Rate Hike in US, Hold in Nigeria: What Next?

Culled—Proshare 6/10/2018/ FSDH Here is the monthly Economic and Financial Market Outlook Report for the month of October 2018 from FSDH for your information. The major highlights of the report:… Read more »

CBN Publishes Guidelines For Licensing and Regulation of Payment Service Banks in Nigeria

Culled—Proshare 5/10/2018/CBN In an effort to promote financial inclusion and enhance access to financial services for low income earners and unbanked segments of the society through leveraging on technology, the… Read more »