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Access Bank Surpasses CBN’s Recapitalization Threshold by ₦100 Billion

Access Bank Plc has set a new benchmark in the Nigerian banking sector by becoming the first financial institution to exceed the Central Bank of Nigeria’s (CBN) minimum capital requirement of ₦500 billion for banks with international authorization. Through a successful rights issue, the bank has increased its share capital to ₦600 billion, surpassing the […]

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Small and Medium Businesses can catalyze Nigeria’s growth via digital financial services

With financial services driving 27 percent of GDP growth in Nigeria’s Q2 numbers, small and medium enterprises have been urged to leverage digital financial services in deepening value for improved productivity and business performance even as the nation’s economy continues to confront several head winds. This counsel was shared on the sidelines of the recently

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Bank of Industry launches N1bn for fashion industry

The Bank of Industry (BoI), on Tuesday in Lagos launched N1billion for the fast-growing fashion industry in the country. Mr Rasheed Olaoluwa, Managing Director of the bank, said the fund was to support Small and Medium Enterprises (SMEs). Olaoluwa added that Nigerian fashion designers were one of the most creative in the world, having trained

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