CBN Queries Banks On Different Foreign Exchange Rate
The Central Bank of Nigeria, CBN, has denied allegations of irregularities in the foreign exchange, forex, transactions among Deposit Money Banks, DMBs and insisted that process remains transparent....
View ArticleFailure Of Mobile Money Services – Customers Complain Over Blackout In Banks
THE last thing any bank customer expects in this age is a bank branch operating in darkness. That was the experience of a bank customer as reflected in one of the complaints below. Some of the...
View ArticleCBN To Sell N242bn Treasury Bills
Meanwhile the CBN will this week sell treasury bills worth N242.4 billion in continuation of liquidity mop up operations. The treasury bills comprise N45.18 billion worth of 91 day bills, N80 billion...
View ArticleSkye Bank Website The Best – Jurist Performance Categories
SKYE Bank’s website www.skyebankng.com has been recognised as one of the most improved bank websites as announced by foremost web ranking Agency, Web Jurist, powered by Philips Consulting in its...
View Article$6tr Digital Payment Market & Banks Competition
BANKS should adopt the strategy of increased investment in innovative payment solutions and collaboration with increasing number of financial technology companies in order to compete favourably for...
View ArticleFirstBank Organises Campus Storm To Promote e-Banking Products
FIRST Bank of Nigeria Limited, as part of its engagement initiative to drive financial inclusion is organising Campus Storms to provide students and the Ivory Towers communities an opportunity to...
View ArticleZenith Bank, & Others Drive Equity Volume
HEAVY transactions recorded last week on the shares of Zenith International Bank Plc, Champion Breweries Plc and Diamond Bank Plc drove the volume traded on the Nigerian Stock Exchange, NSE. Trading...
View ArticleBanks Make Big Moves As Investor’s Eye Dividends
Fig 1: Bank performance ytd (Jan 26) STOCK YTD % UNITY BANK PLC 29.09% FCMB PLC 20.00% ACCESS BANK NIGERIA PLC 18.40% DIAMOND BANK NIGERIA PLC 17.05% UNITED BANK FOR AFRICA PLC 14.44% STANBIC IBTC BANK...
View ArticleBanks’ Dollar Sales To Clients Rise Up 26.92%
Trading activity in the Spot foreign exchange market between the banks and their clients for the week-ending January 20, 2017 stood at $203.70 million with an average daily turnover of $40.73 million,...
View ArticleStill On CBN’s Forex Policy
The Central Bank of Nigeria (CBN) was reported to have said on Monday that it would not allow free floating of the naira. This is a scandalous pronouncement that anyone with a rudimentary knowledge of...
View ArticleKeystone Bank, MD In Trouble Over N4bn Illegal Transaction
These are not the best of times for Keystone Bank Limited and its managing director/chief executive officer, Mr. Phillip Ikeazor as the House of Representatives on Monday urged the Economic and...
View ArticleForeign Reserves Hit $28b, CBN Warns Banks Over Failed Settlements
Nigeria’s foreign reserves have grown to $28.12 billion, according to the latest figures from the Central Bank of Nigeria (CBN) for January 2017. The reserves fell to $23.95 billion in October...
View ArticleCBN Reads Riot Act On Transaction Settlement
The warning giving out yesterday by CBN says that any authorised dealer that defaults in the settlement of any auction or 2-way quote with the CBN in the financial market would be duly punished. The...
View ArticleNigeria An Opportunity For Fx Brokers As Domestic Banks Banned For 8 Weeks
Nigeria’s interbank FX sector has fallen flat on its face, and the widespread disarray in local markets makes overseas FX brokerages absolutely attractive to Nigerian IBs. For those with unrelenting...
View ArticleCBN To Penalise Banks With Cash Problems
The Central Bank of Nigeria has said it will penalise Deposit Money Banks that have liquidity challenges by way of temporary suspension from its lending window. In a circular issued on Wednesday, the...
View ArticleForex Ban On 41 Items Stays, Says CBN
The Central Bank of Nigeria (CBN) has rejected calls by the Organised Private Sector (OPS) to reverse its foreign exchange (forex) ban on 41 goods, which the country can produce. The CBN said it...
View ArticleFCMB Partners CBN, Others On Export Trade
First City Monument Bank Limited says it has partnered the Central Bank of Nigeria and the Nigerian Export Promotion Council as well as the Nigerian Export-Import Bank to boost export trade as the...
View ArticleBank Chief Accuses EFCC of Concealing Facts
An Executive Director of First Bank of Nigeria Limited, Dauda Lawal, has accused the Economic and Financial Crimes Commission (EFCC) of falsifying the circumstances under which he surrendered...
View ArticleSkye Bank Announces Resignation Of Four EDs
Skye Bank Plc has notified the Nigerian Stock Exchange (NSE) of the voluntary resignation of four of its Executive Directors from the services of the bank. This is contained in a notification letter...
View ArticleFirst bank Gets Global Brands Awards
First Bank of Nigeria limited has won the “Best Banking Brand, Nigeria 2016” and “Best Banking Performer, Nigeria 2016” in the Global Brands Awards. The awards are instituted to identify and recognise...
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