Archives for MONEY MARKET - Page 285
Nigeria to host African Central Banks Governors meeting
The Central Bank of Nigeria (CBN) has concluded plans to host the 2016 annual meeting of the Association of African Central Banks (AACB) , scheduled to hold in Abuja, from…
UBA partners MasterCard to play in 18 new African markets
United Bank of Africa (UBA) and MasterCard have entered into a partnership which will position UBA to act as issuer for MasterCard in 18 new markets in Africa. With the…
CBN injects fresh loan to Skye Bank
The Central Bank of Nigeria, has injected fresh loan to Skye Bank Plc. to boost its liquidity after the lender breached requirements on capital and lending. The short-term lending…
Skye Bank still belong to shareholders … new Chairman
The Chairman of Skye Bank Plc, Alh. Ahmad, has clarified that the reconstitution of the board of the bank by the Central Bank of Nigeria (CBN) was not a takeover…
Access Bank Wins 2016 Euromoney ‘Best Bank Transformation’ Award
One of the foremost Nigeria’s lender, Access Bank Plc has just been bestowed with the award of 'Africa's Best Bank Transformation’ in the Euromoney Awards for Excellence 2016. The award…
No Nigerian bank is in distress …CBN
The Central Bank of Nigeria (CBN) has assured Nigerians that no bank within the country is in distress. The apex bank in a statement signed by the acting director, corporate…
Heritage Bank records N1.5bn profit for 2015
Heritage Bank Plc has recorded profit before tax of billion for the financial year ended 2015. According to the audited financial statement announced by the bank for 2015, which represents its first…
Tony Elumelu Urges students to Embrace Entrepreneurship Early
The Chairman Heirs Holdings, UBA Plc and Founder of the Tony Elumelu Foundation (TEF), Tony Elumelu, has urged students to start early to develop an entrepreneurial mind-set, such will…
CBN cautions banks customers on illicit transactions
The Central Bank of Nigeria (CBN) has warned Deposit Money Banks not to allow illicit transactions that would be inimical to the current transparent nature of the Banking System in…
CBN Gov Donates 400 Bags of Rice to IDPs in Borno
The Central Bank of Nigeria, CBN, Governor, Mr. Godwin Emefiele, has joined other philanthropies in the country by donating 400 bags of locally produced rice and some relief materials to the internally displaced persons,…