Category: MSME Finance
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Interbank Operations Amongst Non-Interest Banks Will Improve The Alternative Finance Market
Interbank Operations amongst Non-Interest Banks (NIBs) will improve the activities of the alternative finance market in Nigeria. The MD/CEO of TAJ Bank Mr. Norfadelizan Abdul Rahman said this in an interview on the WebTV Islamic Finance Weekly programme. Speaking from the sidelines of the Sterling Bank-supported Non-Interest Finance Executive forum, the TAJ Bank MD described…
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Fidelity Bank supports financial inclusion drive with N120m promo
By Chinyere Joel-Nwokeoma Lagos – Fidelity Bank Plc on Thursday flagged off its Get Alert in Millions (GAIM) Season 4 promo to strengthen the Federal Government’s financial inclusion drive. Speaking at the event in Lagos, Mr Nnamdi Okonkwo, the bank’s Managing Director, said N120 million would be given out to customers under the initiative. Okonkwo, who…
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Union Bank gets $200m for SMEs, women’s initiatives
Union Bank of Nigeria Plc has secured $200 million in funding through a partnership with sub-Saharan Africa financial services group, Atlas Mara Limited, in agreement with Overseas Private Investment Corporation (“OPIC”), the U.S. government’s development finance institution. Under the terms of the agreement, Union Bank will receive a ten-year term loan of up to $200…
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MTN creates subsidiary for mobile financial services
Ife Ogunfuwa MTN Nigeria has registered a new subsidiary with the Corporate Affairs Commission, Yello Digital Financial Service Limited. The subsidiary, which has yet to commence operations, was created in June 2018 to provide mobile financial services to Nigerians. The creation of a subsidiary is one of the requirements stipulated by the Central Bank of…