CBN allows Opay, Moniepoint other digital banks to open branches nationwide
Licensed institutions are required to establish physical branches or service centres in key locations, improving access for customers who need in-person support.
Licensed institutions are required to establish physical branches or service centres in key locations, improving access for customers who need in-person support.
As MD, Olayinka will provide strategic leadership for BOI-ITC, overseeing its core business areas of trusteeship, custodial services, financial planning, and advisory services, with a focus on strong governance, operational excellence and sustainable value creation.
Olasupo emphasised that the programme would support women-led enterprises across manufacturing, ICT, digital marketing, ecommerce, healthcare, education, renewable energy, processing, waste management, and the creative industries.
The Minister of State for Industry, Trade, and Investment, Senator John Owan Enoh, disclosed this while briefing State House correspondents at the end of the Federal Executive Council meeting today, presided over by President Bola Tinubu at the Presidential Villa, Abuja.
The Banker’s awards are widely regarded as the most respected and rigorous in the global banking industry, celebrating institutions that demonstrate outstanding performance, innovation and strategic execution.
Accordingly, the bank is partnering with the Ogun State government to drive fabric processing finance amid its objective of turning raw materials into finished goods.
UBA’s Group Managing Director/CEO, Oliver Alawuba, emphasised solid performance based on prudent management and innovation, despite ongoing macroeconomic challenges.
Dangote emphasised that without Afreximbank, the Dangote refinery, petrochemical, and fertilizer projects “would never have been possible,”adding that Africa must continue to build strong African-owned banks that understand and trust African entrepreneurs.
The CBN announced that implementation of the new agent location and exclusivity rules would begin on April 1, 2026.
The BOI’s Managing Director, Dr Olasupo Olusi, said that the initiative, would enable serving corps members to access up to N5 million each at a single-digit interest rate of nine percent per annum, repayable over three years, with a three-month moratorium on both principal and interest.