Archives for MONEY MARKET - Page 286
FRC releases Rule 9 to endure credible audit report
As part of its mandate to promote and ensure that financial statements prepared in the country conform to international standards, The Financial Reporting Council of Nigeria (FRC) has released Rule…
CBN denies knowledge of Forex Act Amendment…..no plans to sieze dom accounts
Following reported plans to amend the Foreign-Exchange Act to provide for the imprisonment of anyone who holds foreign currencies, particularly the United States dollars, for more than 30 days, the…
Sterling Bank Completes Temenos IT Transformation Project
Temenos (SIX: TEMN), the software specialist for banking and finance, has announced that Sterling Bank Plc, has successfully gone live with Temenos UniversalSuite, just as it simultaneously rolls out Temenos…
Heritage Bank is healthy, no bank in Nigeria is in distress says CBN
The Central Bank of Nigeria (CBN) has said that Heritage bank is not in distress, and that no Nigeria Bank is in distress. A statement from the apex bank signed…
Heritage Bank Introduces Sunday Market to Add Value to SMEs
As part of its strategic plan of identifying and supporting Micro, Small and Medium Scale Enterprises (MSME) in the country, Heritage Bank Plc, Nigeria’s most innovative banking service provider, has…
CBN warns Nigeria in Diaspora against illegal money transfer
The Central Bank of Nigeria (CBN) has warned Nigerians in the Diaspora against patronizing illegal money transfer operators. The apex bank in statement signed by the Acting Director, Corporate Communications.…
Trade Fair: NDIC warns against ‘Wonder Bank’
Nigeria Deposit Insurance Corporation (NDIC) has once again warned the general publics on the the activities of illegal funds managers otherwise known a 'Wonder bank. The warning was given by…
NDIC to review upward deposit insured limit of PMBs to
n a bid to ensure coverage of over 90 per cent of depositors in the banking sub sector, Nigeria Deposit Insurance Corporation (NDIC) is set for an upward review of…
Fidelity Bank Goes Live On NIBSS mCash Product
As part of the renewed efforts to further drive the financial inclusion mandates of the Central Bank of Nigeria (CBN), Fidelity Bank Plc has gone live on the NIBSS mCash…
NLNG awards 10 overseas post graduate scholarships to Nigerian students
Nigeria LNG Limited has so far awarded a total of three thousand and fifty-three (3,053)scholarships to Nigerian students. This is part of the company’s education intervention programme for deserving students…
