FinanceNaija

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    The Insurance industry in Nigeria has been applauded by the Federal Government of Nigeria for the provision of free life insurance worth 11 Billion Naira to 5,000 health workers.    The President of Federal Republic of Nigeria, Muhammadu Buhari has commended the insurance industry in his address on the cumulative lockdown on Covid-19 pandemic at …

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  • The Truth Behind Access Bank Alleged 340 Branches Closure

    The Truth Behind Access Bank Alleged 340 Branches Closure

      The alleged Access Bank of Nigeria on the closure of 340 branches across Nigeria and to sack a lot of workers has been addressed.    On Saturday, the Managing Director of the bank, Herbert Wigwe allegedly to have announced the closure of over 300 branches nationwide via video conferencing in a town hall meeting …

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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 …

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  • 6 Best Loan Apps In Nigeria 2021 & Mobile Loan App

    6 Best Loan Apps In Nigeria 2021 & Mobile Loan App

      Top list of Loan Apps and best Loan App in Nigeria 2020.    We tested, analyzed and brings out 6 top list of loan apps and best loan app in Nigeria 2020. We have a lot of free loan and money lending app in Nigeria in a way to get quick loan in minutes. …

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  • CBN Resumes Sales Of Dollars To Nigerian Students, SMEs

    CBN Resumes Sales Of Dollars To Nigerian Students, SMEs

      CBN has resumed the sales of US dollars to Nigerian students in foreign schools, SMEs for important usage.   The Central Bank of Nigeria revealed the body has resumed sales of dollars to Nigerian students who study abroad and need to pay their school fees. This also applies to Small-Medium Enterprises who really needs …

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  • 3 Nigerian Banks Lower Dollar Spending Limit On Debit Cards

    3 Nigerian Banks Lower Dollar Spending Limit On Debit Cards

      Three Nigerian Banks has reduced the monthly Dollar spending limit on debit cards due to the falling of cruide oil price and the suffering of Naira against Dollar. In response to the decline in dollar supply as well as rising demand, some banks, namely GTBank, Zenith, Fidelity reduced the monthly dollar spending limit on …

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  • Financial Results: Polaris Bank Records Impressive 2019

    Financial Results: Polaris Bank Records Impressive 2019

      The financial results of Polaris Bank of Nigeria for the year 2019 are highly impressive.   The Polaris Bank of Nigeria has released its 2019 financial results after securing the approval of the Central Bank of Nigeria (CBN) to its Annual Financial Statements for its first full financial year of operation. By all objective …

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  • How To Apply For CBN 50B Loan For COVID-19 Intervention

    How To Apply For CBN 50B Loan For COVID-19 Intervention

      The Central Bank of Nigeria (CBN) has launched a Covid-19 Intervention loan of N50 Billion to support Nigerians and Businesses, see how to apply.   COVID-19 intervention loan. In line with the ongoing world deadliest pandemic of our time, citing damages and losses suffered by businesses and lockdown has led the Central Bank of …

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  • CORONAVIRUS: GTBank Stops Repayment Of Loans For 90 Days

    CORONAVIRUS: GTBank Stops Repayment Of Loans For 90 Days

      Guaranty Trust Bank also known as GTBank has announced its hold on loan repayment for all small and medium enterprises (SMEs) due to Covid-19 Pandemic.   GTBank of Nigeria has placed a hold on its loan repayment plan for all Small and Medium Enterprises (SMEs) that have obtained credit facilities from the bank. The …

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