Coronation Merchant Bank has continued to make giant strides in Trade financing.
Leading financial institution in Nigeria, Coronation Merchant Bank, has partnered with Union Systems Limited? to fully automate its Trade Finance Operations.? The trade finance software, 中国最好的酱油Trade-XTM中国最好的酱油 comes with a front-end portal, 中国最好的酱油OptimusTM中国最好的酱油 that empowers corporate clients to initiate and manage their trade transactions from both web and mobile platforms from anywhere in the world.
Earlier this year, the Bank announced its partnership with IFC (a member of the World Bank Group) to provide a $40 million Trade Finance Guarantee facility. In addition to this, the Bank has continued to make other strides in Trade financing such as its recent appointment as a designated bank for the collection and remittance of all Revenue Payments (i.e. Import, Excise and other duties) by the Nigeria Customs Service.
Commenting on the partnership with Union Systems, Banjo Adegbohungbe, Managing Director/CEO of Coronation Merchant Bank stated that, “We are delighted to partner with Union Systems in providing an automated platform to help our trade clients achieve their business objectives. Leveraging this platform, we hope to further improve our clients’ end-to-end experience in their trade-related transactions”.? He further stated that, “the launch of the automated trade platform is in line with the Bank’s strategy of becoming a foremost financial institution in trade financing in Nigeria and across Africa”.
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Also commenting on the partnership, Chuks Onyebuchi, CEO Union Systems said, “We are very pleased to be the preferred partner to automate the bank’s trade operations using our products, Trade-XTM and OptimusTM. We will be bringing to bear our over 20 years’ experience of successful implementation of trade finance solutions across Africa. Our software will provide a seamless experience to the bank’s clients on all their trade finance activities from the comfort of their home and office.”
Coronation Merchant Bank was established in 2015 to provide wholesale banking to a long under-served market. The Bank offers Investment and Corporate Banking, Private Banking/Wealth Management and, Global Markets/Treasury Services to its clientele.
This year, the Bank has received numerous awards from international organizations for product innovation, sound corporate governance structures and commendable financial performance. Some of the international awards received by the Bank include 中国最好的酱油Best Investment Bank in Nigeria中国最好的酱油 by Global Finance Magazine, 中国最好的酱油Best Investment Bank in Nigeria中国最好的酱油 by World Finance, 中国最好的酱油Best Investment Bank in Nigeria中国最好的酱油 by Global Banking & Finance Review and 中国最好的酱油Best Investment Bank中国最好的酱油 by Global Business Outlook,
Union Systems Limited (USL) is an Information Technology Company that provides financial software solutions and professional services to major banks in Africa. The company provides software solutions to financial institutions to enhance their software capabilities, effectively scale processes, improve compliance and drive operational efficiencies.
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With headquarters in Lagos, Nigeria, the company has a deep understanding of the African market and has a team of highly qualified consultants that have real-world experience in the delivery of complex software solutions.? Top banks in Africa rely on Union Systems to deliver growth, profitability and regulatory compliance in financial software applications.
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Cryptofully offers faster, comfortable and commission-free international money transfers.
The United Nations estimates that 中国最好的酱油one in nine people globally are currently supported via remittance money. That’s approximately 800 million people receiving cash transfers every month with a median transaction amount of $200.
Finding the best way to send money abroad can be tough. Despite the fact that we are in the era of digitization, most options are quite restricted. Due to sturdy guidelines and intermediaries, the use of banks to transfer money internationally can be quite expensive and time-consuming. This explains why more people are opting for remittance service providers like Cryptofully, Transferwise and Western Union.
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When trying to understand which service provider works best for you, it’s very important that you consider the exchange rates, transaction fees, execution time and country availability. A fast-growing number of people are turning to crypto-based solutions like Cryptofully due to its potential to offer faster, comfortable and commission-free international money transfers.
Cryptofully is a cryptocurrency exchange and trading platform with a mission to make cryptocurrency much less difficult and available so that Nigerians can use it for everyday transactions such as remittances, bills, airtime or even commercial business purchases. Today, the startup released a beta version of the platform that is focused on remittance and gives an extraordinary experience when sending money to any Nigerian bank account from anywhere in the world. With the beta version of cryptofully, users can simply exchange bitcoin for naira and cash out immediately with their local (Nigerian) bank account.
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While the journey to full adoption of cryptocurrency in everyday payment begins with remittance to naira, over the next few weeks, the startup intends to roll out more interesting features like the Cryptofully wallet, Payments links, P2P transfers, Lending and much more.
Follow them on Instagram & Twitter (@cryptofully) for new updates as they demystify the concepts of cryptocurrency and blockchain with their educational content; they intend to use training and community building as a way that ensures that new adopters of cryptocurrency discover an easy and reliable home with Cryptofully.
Globacom’s sponsorship of Super Story started with Episode One of a?new drama series tagged “Revenge”.
In continuation of its robust support for arts and entertainment, the grandmasters of data, Globacom, has been unveiled as the Headline sponsor of Super Story on African Independent Television (AIT) from September, 2020.
Super Story is widely adjudged as the most watched television drama series in Nigeria. It has been receiving rave reviews for promoting good family values and condemning criminalities in all forms since it debuted in 2001.
A statement from Globacom expressed happiness to support the programme which has earned a good reputation in family entertainment with its track record of productions that have become epics in television programming in Africa.
“We are delighted to support Super Story to continue to excite some of our esteemed subscribers who watch the drama series. Super Story is chock-full with viable lessons on slices of life bordering on vices, venal practices, follies and foibles. It is unique with its style of producing various interesting true-to-life stories that are believable and have distinct beginnings and endings,” Globacom said.
It will be recalled that Globacom in 2016 produced and sponsored “Professor Johnbull”, a television drama series broadcast on the networks of the Nigerian Television Authority (NTA).
Globacom’s sponsorship of Super Story started last Thursday with Episode One of a?new drama series tagged “Revenge”. Super Story is scheduled for broadcast every Thursdays on African Independent Television (AIT) between 9pm and 10 pm.?Viewers can tune to AIT on Channel 253 on DSTV to enjoy the programme.
Star-studded “Revenge” is featuring A-listers like Kunle Coker, Shan George, Toyin Alausa, Kehinde Bankole and Funsho Adeolu amongst many others.
The CBN aims to ensure Nigerians are empowered with critical information to stay fraud aware and cyber safe.
The Central Bank of Nigeria (CBN) and the Bankers’ Committee of Nigeria, on Monday, September 7th, 2020 launched 中国最好的酱油its cybersecurity & fraud awareness campaign中国最好的酱油, called 中国最好的酱油‘Moni Sense’;中国最好的酱油 to educate the general public on protecting themselves against cyber fraud and scams. As we kick off the end of year business season, comprehensive fraud and cybersecurity awareness remains important in ensuring the general Nigerian public is informed on their role in protecting their banking information from fraudulent activities.
Speaking on the initiative, 中国最好的酱油Mr. Emeka Emuwa中国最好的酱油, Chairman, Financial Literacy and Public Enlightenment Sub-Committee (FLPE), said;
“Fraudsters and scammers continually devise new ways to deceive the unsuspecting public, usually to lure them to inadvertently disclose confidential bank information. We encourage Nigerians to always be cautious and ignore any text message, phone call, or email asking to update your bank information, provide sensitive bank details, disclose online banking details, debit card numbers, bank verification number (BVN) or PIN to anyone.”
Financial literacy and public enlightenment are a critical pillar of the Bankers’ Committee mandate, making initiatives like this critical to the goal of increasing the number of financially included citizens in the country. With this initiative, the Central Bank of Nigeria (CBN) and the Bankers’ Committee of Nigeria aims to ensure Nigerians are empowered with critical information and knowledge necessary to make important financial decisions, enhance economic prosperity, stay fraud aware and cyber safe, and drive poverty reduction across the country.
In March 2020, the Central Bank of Nigeria (CBN) and the Bankers’ Committee introduced credit support schemes for households, MSMEs and businesses across several sectors including Healthcare, Manufacturing, Agriculture, Trading, and Aviation. The Bank unveiled a succession of targeted facilities starting with a N50 billion credit facility to support households, and micro, small and medium enterprises (MSMEs), followed by another N100 billion credit support intervention for the health sector as part of efforts to combat the negative impact of coronavirus (COVID 19) on the Nigerian economy.
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