Amid shuttering of social activities especially commercial services, through various lockdown measures to contain the coronavirus pandemic, FirstBank has proven that as long as its customers require services, the Bank will be waiting right in front of them. As key enablers of…
Keystone Bank donates N1bn to coronavirus fight
As part of a robust effort to combat the deadly coronavirus outbreak in Nigeria, the management of Keystone Bank today announced the donation of N1 billion for the purchase of relief materials, critical care facilities and protective gear to contain…
*Lagos explosion: Three more corpses recovered (Punch) *Abule Ado blast death toll rises to 19 (Guardian)
Lagos explosion: Three more corpses recovered (Punch) Three more corpses were recovered on Monday by emergency responders combing the buildings affected by the explosion that rocked Abule-Ado in the Amuwo-Odofin Local Government Area of Lagos State. The corpses were recovered…
Konga CEO eyes $10m daily turnover by 2024
E-commerce giant, Konga has revealed that the business will hit the $10 million daily turnover mark by 2024. To realise the target, Konga has disclosed that the growth trajectory and overall operational efficiency backed by the consistent reduced losses it…
KPMG SME Report: FirstBank named Biggest Mover in 2019 – Collins Nweze
Capital is crucial in driving sustainable Small and Medium Enterprises’(SMEs’) growth and uplifting the economy. First Bank of Nigeria Limited, as part of the launch of its specialised SMEs’ propositions, has continually supported SMEs through diverse initiatives. The bank says…
KongaPay excites market with ATM card-less withdrawal, USSD features
E-commerce giant, Konga has recorded another feat with the roll-out of card-less withdrawal and unstructured supplementary service data (USSD) features on its payment platform, KongaPay. KongaPay is a secured payment platform licensed by the Central Bank of Nigeria (CBN). It…
CBN defends naira with $8.28b forex sales (Nation)
The Central Bank of Nigeria (CBN) defended the naira with $8.28 billion through its direct intervention within the first six months of this year, according to its half-year report. The amount was given to different segments of the inter-bank foreign…
Bankers back CBN’s initiative to boost lending to economy (ThisDay)
The Bankers’ Committee Thursday expressed support for the current efforts by the Central Bank of Nigeria (CBN) to improve credit flow to key sectors of the economy, particularly through the latest initiative on the loan to deposit ratio (LDR). The…
CBN imposes extra charges on cash deposits, withdrawals (Guardian)
Withdrawals and deposits of physical cash in Nigeria will now attract processing fees payable by individuals or corporate owners of bank accounts involved. Nigeria’s central bank said the measure was put in place to encourage its cashless policy and will…