Early this month, the Central Bank of Nigeria revealed that it will set up a Micro Finance Bank to enable Small and Medium Enterprises to access more fund easily. It was even more of a cheering piece of news that the loans would be issued at five per cent interest rate and without collateral.
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Afreximbank identifies factoring as solution for small biz financing – Daily TrustThe African Export-Import Bank (Afreximbank) has made a case for factoring as a viable and sustainable solution to address the challenge of access to financing which is hindering the growth of Africa’s small and medium-scale enterprises (SMEs). Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts …
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GTBank dominates CBN E-Payments awards, wins 8 out of 12 banking honours – Daily TrustMr Segun Agbaje, the Managing Director of Guaranty Trust Bank, says the bank will continue to provide customers with superior banking experience across all digital touch points. Agbaje made the promise in Lagos after GTB won eight of the twelve honours available to banks in the 2019 edition of the Central Bank of Nigeria (CBN) …
Source: Daily Trust - 🏆 13. / 51 Read more »