Some banks have notified their customers that they will start charging them N6.98 for every USSD transactions. However, experts have said that excessive charges by banks could pose a threat to financial inclusion. According to them, it will increase cash transactions because many bank customers would avoid using the USSD for transactions … [Read more…]
The Central Bank of Nigeria (CBN) is exercising its power to reflate the economy through funding support for key sectors especially the agricultural sector. The Anchor Borrowers’ Scheme, Agri-Business, Small and Medium Enterprises Investment Scheme (AGSMEIS), Commercial Agricultural Credit Scheme (CACS), the Agricultural Credit Guarantee Scheme (ACGSF) and other initiatives were introduced by the … [Read more…]
Following an impressive financial scorecard, a streak of award-winning, value-packed innovations, stellar growth in key areas and overall general momentum in performance, Wema Bank can boast of having capped a good year. Interestingly, the bank recently marked its 76th anniversary in May. Given an explosive scale of business re-engineering and process improvement, the … [Read more…]