Category Archives: Banking
Telecommunications operators are insisting on implementing charges for the unstructured supplementary service data (USSD).The operators, especially MTN, had stopped the implementation of the N4 charge per 20 seconds for every USSD access to banking services, following the public outcry and subsequent directive from the Minister of Communications and Digital Banking, Dr. Isa Pantami.
Ekiti State Government, in partnership with WEMA Bank, has trained 2,500 youths in agribusiness and small and medium.
The training aims to raise entrepreneurs and reduce unemployment and poverty in the state.
Under the arrangement, the youths were trained on the rudiments of business development including writing and understanding business plan.
Governor Kayode Fayemi said the training was with “a view to guide our teeming unemployed youths and existing business owners on how to create additional employment opportunities for others.”
Fayemi spoke in Ado Ekiti on Friday during the closing of the state-wide training on Agribusiness, Small, Medium Enterprise Investment Scheme, an initiative of the CBN.
He described the training as “one of the intervention schemes designed to reduce unemployment and poverty in Nigeria”.
Fayemi, was represented by the Commissioner for Investment, Trade and Industry, David Olusoga.
He said, “This is another turning point in our journey to build capacity of our people to generate business ideas, learn the rudiments of nurturing businesses and by extension providing employment opportunities.”
The Retail Cluster Head, WEMA Bank, Ondo/Ekiti, Kola Mustapha, said the partnership was “to ensure that enterprise development exists and grows in Ekiti.
The Central Bank of Nigeria has selected the Federal University of Agriculture Makurdi to set up a large-scale poultry farm that would enhance poultry production in the country.
The Vice Chancellor of the university, Prof. Richard Kimbir, disclosed this at a press conference in Makurdi on Friday.
Kimbir stated that in line with the mandate of university as a specialised institution coupled with the high premium placed on research, the institution had been able to develop and produce two varieties of cowpea.
He explained that this feat had earned the university many accolades from various individuals, reputable organisations within and outside Nigeria.
The university administrator said it was as a result of such innovations that CBN developed interest to establish a huge poultry farm in the school.
He further disclosed that the College of Engineering of the institution had produced machines for hulling of a local cereal as well as yam planter machines.
The Securities and Exchange Commission has ordered registrars to discontinue the practice of requesting for confirmation of bank signature during the E-Dividend Mandate Management System process.
The acting Director-General, SEC, Ms Mary Uduk, made this known while speaking during a press briefing on the third quarter Capital Market Committee meeting in Lagos on Friday.
Nigerians who want to open or maintain accounts with Deposit Money Banks will not have to provide their Tax Identification Number to do so.
The Federal Government is also proposing raising the minimum online banking transaction that will attract stamp duty from the current N1, 000 to N10, 000.
Organisations that pay their taxes not less than 90 days before the due date may also get bonuses between one and two per cent.
The bank organised a programme with Web of Hearts Foundation, aimed at restoring hope and help to the Internally Displaced Persons, vulnerable youths and migrants including victims of insurgency at Bogije community in the Ibeju-Lekki area of Lagos State,Nigeria.
More than 100 people were trained in various creative activities such as fashion designing, catering and hairdressing. Beneficiaries were also taken through lessons on financial literacy, counselling and customer services, to facilitate their successful head start in business.
Sessions were organised to give psycho-social support for traumatised victims for improved mental health.
The Group Head, Digitalised and Centralised Operations, Access Bank Plc, Sandra Okoli, said the group embarked on the project as a way of alleviating the burden of communities locked out of development, marginalised IDPs and migrants.
She said, “At Access Bank, we place service to the community at the core of our business. We will continue to add our efforts to that of other stakeholders in the fight to eradicate poverty and empower people to build sustainable businesses, create employment opportunities and build a sustainable economy for the nation.”
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