Wema Bank secures €50m EIB facility to support SMEs
By Henry Obetta Wema Bank has secured a Euro 50 million (N78.5 billion) financing facility from the European Investment Bank’s development arm, EIB Global, to expand access to credit for small and medium-sized enterprises (SMEs), with a strong focus on women- and youth-owned businesses. The agreement, signed in Lagos, marks the first transaction between EIB […]
CBN restricts mobile banking app operation to one device
This means that a customer cannot operate the same bank mobile application on two different devices simultaneously in Nigeria.
Banks to establish temporary watchlist for BVNs implicated in suspected fraud
“A BVN may remain on this temporary Watchlist for a maximum period of twenty-four (24) hours, during this period, the BVN owner shall be contacted to provide clarification regarding the identified transaction(s).”
RMB Latitudes Art Fair announces Nigeria focus for 2026
By Babajide Komolafe RMB Nigeria Limited has announced Nigeria as the focus country for the 2026 edition of the RMB Latitudes Art Fair’s International Focus programme, an initiative that spotlights a different African country each year to promote cultural exchange and collaboration across the continent. RMB Nigeria, a member of the FirstRand Group and a leading […]
Nigeria’s economy will withstand shocks from US-Iran war — Cardoso
By Babajide Komolafe Governor of theCentral Bank ofNigeria, Olayemi Cardoso, yesterday said Nigeria’s ongoing macroeconomic reforms have positioned the economy to withstand potential shocks arising from escalating tensions in the Middle East. Cardoso stated this while delivering a Distinguished Alumni Lecture at the Founders Day celebration of St Gregory’s College Lagos in Lagos. He noted […]
CBN-led banks recapitalisation hastens FG’s quest for $1trn economy
By March 31, the ongoing recapitalisation of banks driven by the CBN will be over. Seen as one of the most ambitious exercises
