Banking

 

Banking: Electronic, Internet, Retail & Phone Banking. Retail, Corporate & Investment Banking. Asset..

 

Banking is an industry that handles cash, credit, and other financial transactions. Banks … Retail banking provides credit, deposit, and money management to

This cover Banking Services in terms of Electronic Banking Services of the Bank, Internet & Phone Banking,

 

New loans throughout the banking system generate new deposits elsewhere in the system.

FG Direct Nigerians To Fill 'Self-Certification' Forms In Banks Or Face Penalty

FG Direct Nigerians To Fill ‘Self-Certification’ Forms In Banks Or Face Penalty

The Federal Government of Nigeria leading by President Muhammadu Buhari has directed all account holders in all financial institutions to obtain, complete and submit Self–Certification Forms. This involves account in banks, insurance companies and other financial institutions. The Government of Nigeria shared this information via its verified Twitter account, explaining that the forms are required …

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Naira Gains 9.3% At Parallel Market (See New Rate)

Naira Gains 9.3% At Parallel Market Against Dollar (See New Rate)

  Nigerian currency, Naira has gained 9.3% as it strengthened to N435 to a dollar at the parallel market yesterday. This is against about N480 to a dollar it had been trading in the past days. However, this showed a gain of N45, representing about 9.3% rise. Currency dealers attributed the development to the planned …

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Stamp Duty: FG Has Collected N20bn From Banks In 2020

Stamp Duty: FG Has Collected N20bn From Banks In 2020

  The total amount of N20 billion has been collected by The Federal Inland Revenue Service (FIRS) for stamp duty between January and June 2020.   A compulsory charges of N50 stamp duty is charged on all deposits at Banks, and electronic transfers of naira-denominated current and savings accounts for transactions of 10,000 and above. …

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CBN Extends Minimum Capital Requirement Deadlines For MFBs

CBN Extends Minimum Capital Requirement Deadlines For MFBs

Central Bank of Nigeria, CBN, has extended the deadlines for compliance with the revised minimum capital requirements for Microfinance Banks.    CBN has considered the impact of the Covid-19 pandemic on general economic activities to extend the deadlines for compliance with the minimum capital requirements for Microfinance Banks (MFBs) in Nigeria.   CHECK ALSO: 3 Nigerian …

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Africa: Afreximbank Raises $3m Grant For Covid-19 Response

Africa: Afreximbank Raises $3m Grant For Covid-19 Response

$3Million has been raised for African countries by Afreximbank in a way to fight Covid-19 Pandemic.   The African Export-Import Bank, AFREXIMBANK announced a grant of $3million in order to complement African efforts to fight the Covid-19 pandemic. The of the bank, Prof. Benedict Oramah revealed this in Cairo, Egypt. He disclosed that the grant …

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