HERITAGE BANK OPENS ACCOUNTS FOR 774, 000 SPECIAL PUBLIC WORKS PROGRAM EMPLOYEES, NOVEMBER 1ST

Heritage Bank Plc, Nigeria’s Most Innovative Banking Service providers is set to commence the account opening with Bank Verification Numbers (BVN) for the earmarked 774,000 participants of the SPW Programme in their branches, throughout the 774 Local Government Areas. The participants are to be paid an allowance of N20, 000 (Twenty thousand Naira) only, monthly and the programme is to kick off from 1st November 2020, and a total of 129 LGAs have been assigned to Heritage Bank Plc. The SPW is a post-COVID-19 poverty alleviation initiative, approved by President…

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FIRST BANK DISMISSES RUMOUR THAT IT’S WEBSITE WAS HACKED

Leading Nigerian financial giant, FirstBank, has dismissed rumours making the rounds that it’s website had been hacked. It also said the Bank, did not stop members of her staff from joining the ongoing protests across the country. In a corporate statement released on Saturday, the Bank said, “Our attention has been drawn to the tweet making the rounds on social media on shutting down the FirstBank website following a false tweet that the Bank prevented staff from joining the ongoing protests in the country. “As the largest banking institution in…

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FIRST BANK CEO, ADEDUNTAN, NAMED MEMBER BRETTON WOODS COMMITTEE

Nigeria’s premier and leading financial inclusion services provider, First Bank of Nigeria Limited has announced that its CEO, Dr. Adesola Adeduntan has been honoured with membership of Bretton Woods Committee (BWC). FirstBank has also joined Bretton Woods Committee as an Organisational Supporter in line with the commitment to demonstrate cooperation and foster global well-being. The membership, which is by invitation only, is in recognition of Dr. Adeduntan’s sterling leadership qualities including efforts in ensuring that FirstBank remains at the forefront in promoting financial inclusion in Africa. According to Bretton Woods,…

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BE WARNED! COVID-19 CAN REMAIN ON BANK NOTES, PHONE SCREENS FOR UP TO 28 DAYS -STUDY REVEALS

A recent study says COVID-19 can remain infectious on surfaces such as banknotes, phone screens and stainless steel for as long as 28 days. Previous studies had put the survival rate of the virus on bank notes at four days; stainless steel at two to three days and seven days on the outside of surgical masks. But the findings from Australia’s national science agency suggest COVID-19 can survive far longer on surfaces than previously thought. The study, published in Virology Journal, found the virus survived for less time at hotter…

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UNION BANK SECURES IFC’S $40 MILLION TO BOOST TRADE FINANCE IN NIGERIA

The International Finance Commission, IFC, a member of the World Bank Group, has announced a finance guarantee facility to Union Bank to boost access to finance for local business, enable increased international trade for Nigeria and help protect the country’s economy from the impact of the COVID-19 pandemic. The $40 million facility, under IFC’s Global Trade Finance Program (GTFP), will support Union Bank to establish working partnerships with nearly 300 major international banks within the GTFP network, thereby broadening access to finance and reducing cash collateral requirements for Nigerian businesses.…

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