Archives for August, 2016
CBN re-instates Banks To Deal in FOREX Market
The Central Bank of Nigeria (CBN) has re-admitted the rest of the hitherto banned Deposit Money Banks (DMBs) to commence dealing in the foreign exchange market. Announcing the reinstatement of…
Poverty Reduction: Elumelu tasks policy makers on entrepreneurship
The Chairman of Heirs Holdings and United Bank for Africa (UBA) Plc, Mr Tony Elumelu, has identified entrepreneurship as a veritable solution to achieving poverty reduction in the country. Elumelu…
FirstBank, NBCC MSME development workshop kicks off this week
First Bank of Nigeria Limited said it is collaborating with the Nigerian-British Chamber of Commerce (NBCC) to host a Micro, Small & Medium Size Enterprises (MSME) workshop The workshop with…
N649.63 bn Banks NPL worries CBN
As banks Non- Performing Loans currently hit N649 billion, the Central Bank of Nigeria (CBN) has expressed worry saying there was need to curtail the trend. Making a presentation at…
We focus on ICT to drive further growth, improvement … IEI Anchor Pensions
Mr Glory Etaduovia is the Managing Director/ Chief Executive Officer, IEI Anchor Pensions Managers Limited, in this interview with the National Association of Insurance and Pensions Correspondents (NAIPCO) shares his…
$2.334 bn NNPC funds: CBN suspends 9 banks for non- remittance
Following failure to remit $ billion belonging to Nigerian National Petroleum Corporation (NNPC) to the single treasury account, the Central Bank of Nigeria (CBN) yesterday barred nine Deposit a Money…
Access Bank gross earning hits N174 bn in Half Year, Declares 25k Interim Dividend
Access Bank Plc. has recorded a strong performance in the first six months ended ended 30 June 2016, reasserting its capacity and resolve to deliver sustainable returns in spite of…
Sterling Bank Partners FG to Address the Challenge of Desertification
As part of its Corporate Social Responsibility (CSR) focus on the environment and in support of the Federal Government’s plan to sustain the environment while reducing desertification, Sterling Bank has…
Emefiele, now President of African Central Banks
The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has been elected the President of the Assembly of Governors of the Association of African Central Bank Governors (AACB) for…
Skye Bank is neither distressed nor liquidated… CBN
The Central Bank of Nigeria has urged to customers of Skye Bank Plc not to panic saying the bank is neither distressed or liquidated. The assurance was given by the…