Nigeria Central Bank To Clear Backlog Of Dollar Demand For Importers
Nigeria’s central bank said on Thursday it will sell dollars via a book-building process to clear a backlog of dollar demand for companies importing machinery, airline equipment and petroleum products....
View ArticleGTBank Wins Six EPIS Awards
Guaranty Trust Bank Plc (GTBank) said it reaffirmed its position as Nigeria’s leading financial institution on e-payments with its emergence as a multiple award winner during the 2017 Electronic...
View ArticleNDIC Urges Depositors To Report Banks Indulging In Sharp Practices
The Nigerian Deposit Insurance Corporation (NDIC) has urged depositors to report any sharp practices by commercial banks. It also called on Nigerians to shun dubious financial schemes and wonder banks...
View ArticleWhy Naira Is Appreciating
The Central Bank of Nigeria (CBN) said yesterday that the currency’s appreciation against others was the result of its market monitoring and intervention. Its spokesman Isaac Okorafor refuted the...
View ArticleBDCs Demand $30,000 Weekly Allocation
Bureaux De Change (BDC) operators yesterday called on the Central Bank of Nigeria (CBN) to review their $8,000 weekly allocations upwards to $30,000 as dollar liquidity in the economy continues to...
View ArticleCBN Sells N310b Treasury Bills
The Central Bank of Nigeria (CBN) has raised N310.14 billion (about $985 million) at an auction of treasury bills at yields lower than the inflation rate The bank sold N222 billion of one-year treasury...
View ArticleHeritage Bank Promotes Reading Culture In Schools
Heritage Bank Plc joined in celebrating the “World Book Day” by means of implementing one of its literacy initiatives and donation of books to schools. The bank has decided to lend its support to the...
View ArticleCustomers Complain Over Failed PoS – Zenith Bank
Lawal Abimbola Idris: Too bad from you, I used your ATM in Festac on 29th of January but no amount was dispensed but I was debited for the sum of N20, 000 from my account. When I got to the branch in...
View ArticleUBA Customers Condemn Non-Functioning Mobile App
Odekuma Faith: UBA Pls change! The rate at which money is being deducted from my account is too much. Tired of banking with UBA UBA Group: Hello, we apologize. Kindly inbox your mobile number, account...
View ArticleGuaranty Trust Bank Extends ICS Banks Core System Roll- Out To Tanzania
Guaranty Trust Bank (GTBank), a Nigeria-based bank operating across multiple countries in Africa, has extended the roll-out of its core banking system, ICS Banks, to Tanzania. The solution is supplied...
View ArticleForeign Investors Not Keen Despite CBN New Forex Policy
While the nation ’ s forex market has seen increased liquidity in recent days on the back of the Central Bank of Nigeria ’ s new policy action, foreign investors are not keen on bringing back capital...
View ArticleTranscorp MD Predicts Stock Market Rebound
Mr Emmanuel Nnorom, the Chief Executive of Transcorp, says the capital market will soon rebound with the current positive developments in the foreign exchange market. Nnorom said on Monday in Lagos...
View ArticleCBN To Ban Unauthorised FX Dealers
The Central Bank of Nigeria (CBN) has threatened to bar authorised dealers in foreign exchange (forex) who fail to comply with its new directive on foreign exchange transactions. According to a...
View ArticleGovernor Of Ghana’s Central Bank Resigns
The Governor of Ghana’s Central Bank, Abdul-Nashiru Issahaku has resigned, sources who asked to be anonymous have revealed. According to sources within the central bank, the governor who officially...
View ArticleCBN Sells N310b Treasury Bills
The Central Bank of Nigeria (CBN) has raised N310.14 billion (about $985 million) at an auction of treasury bills at yields lower than the inflation rate The bank sold N222 billion of one-year treasury...
View ArticleHeritage Bank Promotes Reading Culture In Schools
Heritage Bank Plc joined in celebrating the “World Book Day” by means of implementing one of its literacy initiatives and donation of books to schools. The bank has decided to lend its support to the...
View ArticleCustomers Complain Over Failed PoS – Zenith Bank
Lawal Abimbola Idris: Too bad from you, I used your ATM in Festac on 29th of January but no amount was dispensed but I was debited for the sum of N20, 000 from my account. When I got to the branch in...
View ArticleUBA Customers Condemn Non-Functioning Mobile App
Odekuma Faith: UBA Pls change! The rate at which money is being deducted from my account is too much. Tired of banking with UBA UBA Group: Hello, we apologize. Kindly inbox your mobile number, account...
View ArticleGuaranty Trust Bank Extends ICS Banks Core System Roll- Out To Tanzania
Guaranty Trust Bank (GTBank), a Nigeria-based bank operating across multiple countries in Africa, has extended the roll-out of its core banking system, ICS Banks, to Tanzania. The solution is supplied...
View ArticleForeign Investors Not Keen Despite CBN New Forex Policy
While the nation ’ s forex market has seen increased liquidity in recent days on the back of the Central Bank of Nigeria ’ s new policy action, foreign investors are not keen on bringing back capital...
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