Nigeriaâ€™s premier and leading financial services provider, First Bank of Nigeria Limited, has announced its educational solution - FirstEdu - specifically designed to enhance the educational facilities in schools. The FirstEdu product includes FirstEdu loan and FirstEdu portal.
As part of its cashless policy initiatives, the Central Bank of Nigeria (CBN), yesterday, announced that banks will now be allowed to take charges on customer deposits in excess of N500 thousand (individuals) and N3 million (corporates), respectively. This new measure builds on previously issued guidelines related to charges on large cash withdrawals.
In line with its objective of enhancing financial inclusion and the development of the payment system by increasing access to deposit products and payments services through a secured technology-driven environment, the Central Bank of Nigeria (CBN) has issued Approvals-in-Principle (AIP) to three Payment Service Banks (PSBs).