Category: Business

Unbanked Nigerians Reduce, As Heritage Bank Targets 1,000 Agent Banking Partner In 2017

Heritage Bank Plc, has taken aggressive approach to support the Central Bank of Nigeria’s initiative to curb the unbanked Nigerians in the rural areas by 20 percent by 2020, thereby offering financial services to the nooks and crannies of Nigerian communities; providing access to underserved markets. The policy was sequel to a research conducted by…

UBA Increases International Spend Limit on Naira Cards to $2000

An immediate upward review of the monthly international spend limit on its debit and prepaid Naira cards from $100 to $2,000 has been announced by pan-African financial institution, United Bank for Africa (UBA) Plc. The upward review, which represents a marked increase by 1,900 per cent, allows customers to withdraw up to $2,000 per month…

Agusto & Co Upgrades Access Bank’s Rating To Aa-

In its recent rating review of Access Bank Plc, foremost rating agency in Nigeria, Agusto & Co, has raised the Bank’s rating from “A+” to “Aa-”, with a stable outlook. The upgrade reflects Access Bank’s strong financial profile, resilient profitability levels and solid capital position. Agusto & Co also recognised Access Bank as an institution…

Digital Banking Key To Financial Inclusion In Nigeria—Segun Agbaje

Managing Director and CEO of Guaranty Trust Bank (GTBank), one of the continent’s leading financial institutions, Segun Agbaje, has remarked that the country’s economy may be in a difficult period, but with digitalisation at the core of the national banking strategy, financial inclusion has been given room to grow. “There are so many people in…