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Payment Service Banks will complement banks on financial inclusion – Sekibo

Payment Service Banks will complement banks on financial inclusion – Sekibo

Managing Director/Chief Executive, Heritage Bank Limited, Ifie Sekibo in this interview on the sidelines of the Vanguard Economic Summit, sponsored by the bank, spoke about the expected entrance of Payment Services Banks in the industry, listing of Heritage Bank on the Nigerian Stock Exchange as well as the unique selling points of    the bank’s Octopus platform. Excerpts:   

Cost of funds decline to persist as N579bn boost interbank liquidity

Cost of funds decline to persist as N579bn boost interbank liquidity

COST of funds in the interbank money market is expected to moderate further this week in response to inflow of N579 billion from maturing treasury bills. Last week, average short term cost of funds defied the liquidity mop up efforts of the Central Bank of Nigeria, CBN, falling by 238 basis points (bpts).

2019 Elections, fossilised  ancestors and riddles

2019 Elections, fossilised ancestors and riddles

ONE of the  most memorable  events for me in our  2019  Elections is the unearthing of one of the fossilised ancestors of military impunity. Some ethno-regional  organisations  had jointly endorsed the candidacy of Abubakar Atiku of the Peoples’ Democratic Party , PDP.  The ruling All Progressives Congress, APC, organised its own endorsement; Retired General Paul Chabri Tarfa was resurrected to lead a hitherto unknown ethno-regional body, the Kungiyar Dattawan Arewa Initiative (KDAI).

Polls postponement, abortion of ‘due pregnancy’  — Sen Okonkwo

Polls postponement, abortion of ‘due pregnancy’ — Sen Okonkwo

Senator Annie Okonkwo has condemned the postponement of the Presidential and National Assembly elections by INEC, describing it as the height of executive recklessness and insensitivity by a national agency vested with so much trust and responsibilities.

Woman allegedly defrauds church of N110m, nabbed

Woman allegedly defrauds church of N110m, nabbed

Ogun State Police Command has arrested a 39-year-old woman, Iwuagwu Onyinyechi, for allegedly defrauding a church based organisation known as MIA Enterprise of N110 million, while pretending to assist the organisation raise funds for its charity programme.