CBN: FinTechs Won’t Usurp Banks’ Traditional Roles

Posted by - August 7, 2017

The Central Bank of Nigeria (CBN) has assured that Financial Technology (FinTech) companies will not take over the roles played by commercial banks in delivering services customers. Speaking at the Bi-Monthly Forum of the Financial Correspondents Association of Nigeria (FICAN) in Lagos at the weekend, CBN Director, Banking and Payments System Department, ‘Dipo Fatokun said

Indigenous Banks Must Handle Gov’t Transactions

Posted by - July 28, 2017

Indigenous financial institutions must be made to handle big-ticket government transactions to build their capacity and to truly transform them as enablers of growth, John Awuah, Chief Executive Officer of UMB has advocated. “I think there must be a deliberate national policy [to build the capacity of Ghanaian banks]. Just as we talk about buying