FCMB appoints Olufemi Badeji executive director

By Omobayo Azeez First City Monument Bank Group Plc (FCMB) has appointed Olufemi Badeji to the board as  eecutive directors in charge of corporate and investment banking. The appointment follows the approval by the Central Bank of Nigeria and it took effect from October 2, 2019, FCMB Group said in a corporate disclosure signed by […]

UBA, LCCI assure SMEs on value creation at 2019 Lagos Int’l trade fair

…promise foreign exchange hassle free transactions for merchants from other countries United Bank for Africa (UBA) Plc and the Lagos Chamber of Commerce and Industry(LCCI), have assured small medium enterprises (SMEs) that the 2019 Lagos International Trade Fair will bring far reaching benefits that will help transform their businesses and take it to the next […]

Credit Access: Poor identity management remains greatest barrier in Nigeria – Sekibo

Ifie Sekibo, the managing director of Heritage Bank, has identified poor identity management as the greatest hinderance to boosting access to credit, especially for small and medium enterprises, in Nigeria. Sekibo stated this while speaking as a guest at the Finance Correspondents Association of Nigeria (FICAN) annual conference which held on Saturday in Lagos. Represented […]

CBN grants three firms AIPs to operate as payment service banks

The Central Bank of Nigeria (CBN) has issued Approvals-in-Principle (AIP) to three Payment Service Banks (PSBs). The apex bank said the AIPs is in line with its objective of enhancing financial inclusion and the development of the payment system by increasing access to deposit products and payments services through a secured technology-driven environment. The three […]

HSBC to cut fees, offer rebates to boost struggling Hong Kong firms

HSBC said on Wednesday it will offer rebates and fee reductions for small and medium-sized companies in Hong Kong, as the city’s economy struggles. Hong Kong is on the verge of its first recession in a decade, weighed down by the prolonged U.S.-China trade war and months of anti-government protests that have spread across the […]