Archives for MONEY MARKET - Page 91
Banks’ consumer loans decline 17% as CBN tightens money supply
Banks For the first time in three years, banks reduced consumer loans by 17 per cent (N400 billion), in one month, following a decline in money supply triggered by the…
CBN releases $3.5bn for foreign education under Buhari
Data obtained from the website of the Central Bank of Nigeria on Sunday revealed that Nigeria’s educational sector suffered massive capital flight during the regime of the President, Major General…
Naira Redesign: CBN Moves to Protect Unbanked, Vulnerable in Rural Communities
The Central Bank of Nigeria (CBN) yesterday reiterated its commitment to the seamless implementation of the naira redesign project to achieve its fundamental objectives. It also pledged to shield vulnerable…
Ecobank Fintech Breakfast: Stakeholders Advocate Sound Corporate Governance
Operators in the banking industry have been advised to put in place sound corporate governance principles and policies and also package their business proposals to attract potential investors. This was…
FBNBANK UK STANDS TALL AT 40, APPRECIATES CUSTOMERS, REGULATORS
By Ngozi Onyeakusi---FBNBank UK, a subsidiary of FirstBank Group had London, the United Kingdom painted blue as it celebrated its 40th anniversary, themed Partnership Beyond Borders, on Friday, 11 November…
Pharez Obioha,11, Emerges Winner, United Capital ‘A Day As CEO’
By Ngozi Onyeakusi---Coming on the heels of its successful Back-to-School campaign, United Capital Plc, one of Africa's foremost investment banks and financial services institutions, has announced 11-year-old, Pharez Obioha, as…
AMCON recovers N307bn in two years
MD AMCON An inter-agency committee set up on the recovery of debts owed to the Asset Management Corporation of Nigeria has said that in two years it covered N307 billion.…
FIRS Set To Partner MDAs To Enhance Economy
By Ngozi Onyeakusi--The Federal Inland Revenue Service (FIRS) has resolved to partner ministries, departments, agencies (MDAs) and tech companies among others for eGovernment initiatives to increase tax compliance, generate revenue…
Stanbic IBTC Bank’s Rejoinder to The Guardian Newspaper Publication on Ascon Oil
Press statement The attention of our client, Stanbic IBTC Bank PLC (“our client/Stanbic”) has been drawn to a press release published on page 28 of The Guardian Newspaper of Wednesday,…
BUHARI CONGRATULATES FBN ON 40 YEARS OF CROSS-BORDER BANKING IN UK
Buhari By Ngozi Onyeakusi---President Muhammadu Buhari has congratulated the Board, Management, and Staff of First Bank of Nigeria Limited (FirstBank) for cross-border services through FBNBank UK in the United Kingdom…
