Financial Services
Banking, Insurance and general financial services news
Guaranty Trust Bank is Nigeria’s best digital bank in 2020 – Agusto & Co
Agusto & Co has declared GTBank, the best digital bank in its 2020 Consumer Banking Satisfaction Index report.
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GTBank announces the retirement of Babatunde Soyoye from Board of Directors
The Board of GTB announced the retirement of Mr. Soyoye as the Bank’s Independent Non-Executive Director since 2016.
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GTBank obtains approval-in-principle from CBN to operate as financial holding company
GTBank has obtained an approval-in-principle from the CBN to operate as a financial holding company.
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No rift among our Board members – JAIZ Bank
Jaiz Bank has publicly denied media reports purporting a deep rift amongst its Board members.
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MoneyGram received $9.3 million from Ripple in Q3
MoneyGram collected $9.3 million in Q3 from Ripple for market development fees.
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CBN grants Mortgage Refinancing Companies approval to refinance Non-member banks
The CBN has expanded access to mortgage financing by removing restrictions on refinancing mortgages earlier imposed.
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CBN reveals framework for the N75 billion Youth Investment Fund
The Nigerian Youth Investment Fund will be funded through the NIRSAL MFB window of the CBN.
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CBN to drive implementation of zero balance account opening in banks
The CBN has urged the DMBs to allow zero balance for the opening of new accounts.
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CRR: Banks suffer N917.5 billion debits in latest CBN action
The central bank debited Nigerian banks N917.5 billion last week in its latest CRR action.
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#EndSARS: Access Bank announces N50 billion interest-free facility for businesses
Access Bank Nigeria Plc has announced plans to offer N50billion interest-free credit facility to individuals and businesses.
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