Archives for MONEY MARKET - Page 293
BoI grows by 44%
The Bank of Industry (BoI) has posted a 44 per cent surge in its Profit Before Tax for the financial year ended 31st December, 2016, as it grew to N17…
Forex: CBN bars 16 banks from SME window
The Central Bank of Nigeria on Tuesday wielded the big stick on 16 Deposit Money Banks as it stopped them from participating in the Small and Medium-scale Enterprises window of…
MyStocKIT: Heritage Bank launches MSME app for ease of doing business
In line with its commitment to ensure swift expansion of the micro small medium enterprises (MSME) market segment, Heritage Bank has introduced MyStocKIT, an android hand-held solution that enables clients…
Banking industry deploys data base to eradicate E- fraud
The banking industry is set to deploy a data base aimed at eradicating electronic and card frauds from the system. This was disclosed by the Managing Director/CEO Access Bank Plc.…
CBN offers $100m in Wholesale forwards
Buoyed by the impact of its interventions and stability in the foreign exchange market, the Central Bank of Nigeria (CBN) on Thursday, April 27, 2017 offered the sum of $100…
CBN auctions $185.86m in Retail SMIS
Following Tuesday’s assurances by the Governor of the Central Bank of Nigeria, Godwin Emefiele, that the CBN will continue to intervene in the foreign exchange market, the apex Bank on…
Nigeria out of recession August …CBN
Giving the measures being put in place by Federal Government to riveter and stabilize the economy, the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has said that…
Heritage Bank empowers BB Naija 5 top finalists with investment support
In its continual commitment to boost the small medium enterprise (SME) sector, Heritage Bank Plc, one of the proud sponsors of Big Brother Naija Season-2 reality TV show, yesterday rewarded…
CBN’s Sectoral Forex Strategy Stabilizes Naira
Pragmatic initiatives taken by the central Bank of Nigeria (CBN) to commence sectoral foreign exchange interventions may have started yielding positive results by way of stabilizing the exchange of the…
Access to Forex by SMSEs: CBN vows to sanction defaulters
The Central Bank of Nigeria (CBN) said it deal decisively with any financial institution that deny access to Forex by small and medium-scale enterprises. Fielding questions with journalists on the…
