Financial institutions are embracing operations that require minimal investments to achieve more results. Agency banking stands out as a cost-effective model helping commercial banks reach the unbanked and underbanked.
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Wema has launched Quick Loan to assist entrepreneurs, startups and corporate customers scale their businesses.
Lufthansa (LHAG.DE) said on Sunday it would launch a capital increase that was expected to raise 2.14 billion euros ($2.51 billion) to pay back part of a state bailout Germany’s top airline received during the coronavirus crisis.
British Airways owner IAG (ICAG.L) is not planning to raise billions of euros from shareholders to get the company through the extended COVID-19 crisis, its chief executive Luis Gallego told The Sunday Times.
United States Treasury Secretary Janet Yellen issued a fresh plea for Congress to raise the federal debt ceiling on Sunday, arguing a default on U.S. debt would trigger a historic financial crisis.
Cash-strapped developer China Evergrande Group (3333.HK) has begun repaying investors in its wealth management products with real estate, a unit of its main Hengda Real Estate Group Co Ltd unit said.
The Securities and Exchange Commission has announced the commencement of the implementation of a 100 per cent custody requirement in the collective investment schemes sector.
The Chief Executive, Stanbic IBTC Holdings Plc, Demola Sogunle, has said the company is committed to promoting healthy retirement among workers.
First Bank of Nigeria Limited says it has increased its network of International Money Transfer Operators to ease the accessibility of its customers to receive money from close to 100 countries across the world in a safe and secured manner.