Verve, Moniepoint Assure Customers Cutting-Edge Financial Solutions

By Dipo Olowookere The Chairman of the Board of Directors of Citibank Nigeria, Mr Yemi Cardoso, has been nominated to serve as the new Governor of the Central Bank of Nigeria (CBN). The renowned stockbroker and investment banker was picked for the position by President Bola Tinubu, according to a statement issued on Friday by the Special Adviser to the President on Media and Publicity, Mr Ajuri Ngelale. He would be screened by the Senate, and on confirmation; he will take over from the acting CBN Governor, Mr Folashodun Shonubi, for a term of five years at the first instance.

Ecobank Nigeria has started the remodelling of its branches across the country. This effort will see the bank turn its existing banking halls into modern smart banking arenas designed to offer a cosy experience to customers and other stakeholders of the bank who visit the branches. Speaking on the branch transformation exercise, Mrs Titi Olarinde, Head, Branch Network, Ecobank Nigeria Limited said it is a deliberate and strategic decision of the bank to ensure that customers transact seamlessly in an environment where they are happy to come to every day whilst providing the best banking experience for them and our

By Modupe Gbadeyanka A creative studio, EPAC Studios, has been unveiled by Ecobank Nigeria Limited to promote talents in the showbiz industry in Africa. The bank disclosed in a statement that the facility would be used to carefully tell “authentic African stories in art, culture, lifestyle, and entertainment.” According to the Head of Marketing and Corporate Communications at Ecobank Nigeria, Mr Jide Sipe, the initiative is to showcase further and develop the creative industry, adding that the space is an open canvas for the public to explore, collaborate and create premium indigenous content for television, online and mobile platforms. EPAC

By Modupe Gbadeyanka Africa’s leading payment cards and digital tokens brand, Verve, has joined forces with a fast-rising digital bank, Moniepoint Microfinance Bank, to provide customers with cutting-edge financial solutions. Recall that recently, Moniepoint announced its foray into the retail banking segment, issuing debt cards to its customers. The financial technology (fintech) firm boasts over 1.5 million businesses using its terminals across Nigeria to serve 30 million banked Nigerians. To pave the way for enhanced access to financial services for Nigerians and bridge the gap between traditional banking and modern fintech innovations, both parties are collaborating. The partnership will give

By Dipo Olowookere Federal and state governments have been tasked to ensure payment of taxes by citizens become easier in the country. This charge was given by a partner of Tax Energy & Natural Resources and People Services at KPMG Nigeria, Mr Adewale Ajayi, while presenting ‘Planning with purpose, 2019 Economic Outlook’ recently. The tax expert said if government can make tax payment easier in Nigeria, there will be a significant improvement in the nation’s economy as well as the business environment. “One would expect the government to remain resolute in its commitment to improving the business environment with particular

By Aduragbemi Omiyale The Speaker of the Lagos State House of Assembly, Mr Mudashiru Obasa, has been urged to focus on a return to the state parliament and ditch his ambition to run for the Senate in 2023. On Sunday evening, some leaders in the Agege and Orile-Agege areas of Lagos State said they would want him to still represent them at the local level before taking a shot at the federal level. They said he has brought pride to the communities and would want him to still serve them at the Lagos Assembly through effective legislation and related activities,

By Adedapo Adesanya Minister of Finance, Mrs Zainab Ahmed, has informed members of the parliament that the decision of federal government to amend the Finance Bill was to make the economy better. Speaking at a public hearing on the matter in Abuja, she explained that the main reason the executive arm of government submitted the bill for passage into law was to create an enabling business environment and alleviate the tax burden of small and medium enterprises. Mrs Ahmed noted during her presentation at the legislative chambers on Tuesday that the newly revised economic-friendly bill will help boost the country’s

By Adedapo Adesanya The local currency recorded a marginal appreciated of 0.02 per cent or 8 kobo against the United States Dollar on Thursday at the Investors and Exporters (I&E) window of the foreign exchange market. At the market yesterday, the value of the Naira at the FX window stood at N409.67/$1 compared with N409.75/$1 it closed at the previous session According to data from the FMDQ Securities Exchange, a decrease in the demand for forex by customers at the segment helped the domestic currency to gain some weights at the space on Thursday. The data showed that the turnover

Forex prop trading, or proprietary trading, offers skilled traders in Nigeria the opportunity to trade with the backing of a funding account provided by prop firms. With the growing number of prop traders in Nigeria, prop firms have become an attractive option for those with limited capital. Traders Union experts explained what beginner traders should know about Forex prop trading in Nigeria. Why Prop Trading is a Good Idea in Nigeria According to Traders Union experts, prop trading in Nigeria offers several advantages for skilled traders: Higher Profit Potential: Prop firms allow traders to leverage increased capital, leading to higher

By Modupe Gbadeyanka Communities in the Lagos State which erected gates on their streets without the necessary approval from the state government have been directed to remove them in seven days. In the alternative, they can leave the gates the way they are on the conditions that they will remain open for public use from 5am to 12 midnight and would be manned by security guards. The Commission for Transportation in Lagos, Mr Frederic Oladeinde, explained that this directive became necessary because of the traffic caused by the closure of some street gates. According to him, some commuters find it

By Adedapo Adesanya China Civil Engineering Construction Corporation (CCECC) has announced that the Lagos-Ibadan Rail has been officially connected to the Apapa port complex. The construction company confirmed this in a statement sent via a tweet on Monday, February 1 “On the morning of January 25, 2021, with the successful pouring of the last 25-meter monolithic track bed superstructure of Apapa Port Break Bulk Line, the Lagos-Ibadan Railway was officially connected to the Apapa Port in Lagos. “The Apapa Port Spur Line of Lagos-Ibadan Railway starts from the Mobolaji Johnson Station, Ebute Metta and extends southward to Apapa Port, with

By Aduragbemi Omiyale Ecobank Nigeria Limited has been ranked among the top five customer-centric financial institutions operating in the country. The ranking was done by a leading audit and professional services company in Nigeria, KPMG, in its 2021 survey of Nigerian banks. Ecobank Nigeria was number five in the study in the Wholesale (Corporate) Banking category of the KPMG Customers’ Experience and Satisfaction Survey. When compared with the previous year, the lender moved eight places higher, which was a significant improvement. The top banks in order of rating include Citibank, Standard Chartered Bank, FCMB, Zenith and Ecobank Nigeria. KPMG explained