Patricia introduces Glover Exchange as the new entity responsible for the day-to-day operations of its Gift cards, Airtime2Cash, and refill services (Bill Payment).
Following CBN's policy, WorldRemit was the first digital service to offer its customers the option of USD cash pickup in Nigeria.
Banks are recording higher net interest income, despite the CBN's frequent CRR debits chalking off significant amounts of their cash.
Fidelity Bank Plc follows the narrative of top tier-2 banks, which have had better or easier years.
Nigeria banks have had their vaults debited of N226 billion by the Central Bank of Nigeria in the apex bank's latest CRR sequesters.
The CBN has urged the DMBs to allow zero balance for the opening of new accounts.
In line with the provisions of the Fiscal Responsibility Act, the DMOs were directed to not give loans to states without FRC approval.
UBA's H1 2020 result is yet another demonstration of the resilience of its business model.
A recent report says the earnings of Nigeria’s Deposit Money Banks from digital payment platforms grew by 64% to reach N212.66 billion in 2019.
The CBN said that interest rate on its health intervention facility shall revert back to 9% p.a. (all-inclusive) as from 1st March 2021.