Category: Bank News

Bank News

CBN Non-Permissible MFBs Activities

The Central Bank of Nigeria CBN Non-Permissible MFBs Activities, the recent circular from CBN to all Microfinance Banks, that all MFBs should cease to carryout financial activities that are not stipulated in their license. Financial activities such as Foreign Exchange Transaction FOREX, wholesale banking and others. According to CBN, it will pose a serious threat […]

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CBN List of Approved IMTO 2021
Bank News

CBN List of Approved IMTO 2021

The Central Bank of Nigeria CBN List of Approved IMTO International Money Transfer Operators 2021 for diaspora remittances. CBN earlier introduced a “Naira 4 Dollar Scheme”, an incentive that pays Naira to senders and recipients of IMTO. This incentive will be granted if remittances come via IMTOs approved by CBN. CBN List of Approved IMTO […]

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Nigeria Banks USSD Codes for Transactions
Bank News

Nigeria Banks USSD Codes for Transactions

Nigeria Banks USSD Codes for transactions are short codes unique to all Nigeria banks to enable users transact at least offline on their mobile phones with bank accounts.  The use of USSD codes have made lives easy with banking activities in Nigeria, below are the some of Nigeria banks with designated USSD codes.   All GTBank […]

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CBN Releases Framework for QR Payments
Business, Bank News

CBN Releases Framework for QR Payments

The Central Bank of Nigeria CBN Releases Framework for QR Payments as a guide for Nigeria payments. The full details framework on the Quick Response QR are available on the CBN portal which can be download here. “Quick Response (QR) Codes are a kind of matrix barcode representing information presented as square grids, made up […]

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Access Bank Sort Codes and Branches in Nigeria
Bank News, Money Market

Access Bank Sort Codes and Branches in Nigeria

Access Bank Sort Codes and Branches in Nigeria. Access Bank Sort Codes and Branches in Nigeria. Banks Sort Codes are required in fund transfers, and sort codes identifies both the bank and the branch where an account is situated.  Access Bank Sort Codes and Branches in Nigeria Abia State BRANCH NAME SORT CODES BRANCH ADDRESS […]

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Bank News

CBN Revokes 7 Payment Service Providers’ Licenses

The Central Bank of Nigeria CBN Revokes 7 Payment Service Providers’ Licenses for failures to comply obligation imposed on them according to Banks and Other Financial Institution Act BOFIA. It was published on CBN website from Federal Republic of Nigeria Official Gazette. The following payment service provided licenses were revoked: CBN Revokes 7 Payment Service […]

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Bank News

Access Bank launches digital payment platform for MSMEs-Vanguard

By Nkiruka Nnorom Access Bank Plc has launched an online payment acceptance service platform to help its Micro, Small and Medium scale Enterprises (MSMEs) customers to build scale, transition and participate actively online. The payment service solution tagged: “Swiftpay” can be hosted on merchants’ social media platforms – Whatapp, Instagram, Telegram, Facebook and on individual’s website […]

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