Oceanic Bank aims to enhance savings culture in Nigeria

Story link: Oceanic Bank aims to enhance savings culture in Nigeria

Oceanic Bank International plc is to try and bolster the savings culture in Nigeria with the introduction of Oceanic Save More And Win Big Promo, which could enrich customers by up to N100m.

The Central Bank of Nigeria has frequently complained of too much cash being outside the formal market, and as a result has encouraged banks to develop unique measures that would help promote small savers to deposit cash and thereby reduce the amount of money that exists outside the banking sector.