Adaeze Udensi, the bank’s executive director, said the
decision aligns with the Central Bank of Nigeria, CBN’s ‘Naira 4 Dollar’ scheme
to encourage the inflow of diaspora remittances into the country.
The scheme runs from March 8 to May 8.
While commending the CBN for the scheme, Udensi noted that
“Titan Trust Bank is passionate about its customers and everything we do is
centred around giving them more.”
The Bank was formed to take advantage of the identified gaps
in the Nigerian banking sector and address the unmet needs of the retail mass
market, SMEs and corporates.
In just 15 months of its commercial operations, the Bank was
recognized on the global stage by the New York-based Global Finance Magazine,
as the ‘Best Trade Finance Provider in Nigeria for the year 2021’, an award
previously won by only the first-tier banks in Nigeria.
Established on the 12th of December 2018, the bank obtained
its national banking license on the 26th of April 2019, to operate as a
commercial bank with national authorization.
The bank posited that it will leverage on digital platforms
to empower the emerging pan-African economy, whilst showcasing the industry
pioneering solutions, expertise and professionalism.
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