H-I-S-T-O-R-I-C: Cashless Policy Goes Nationwide Today

The cashless policy, an initiative of the Central Bank of Nigeria (CBN) and the Bankers’ Committee aimed at reducing the amount of cash in...

Cashless Policy Begins July 1 2014 Nationwide But 30 States Won’t Pay Above Limit...

The Central Bank of Nigeria (CBN) Tuesday announced the deferment of charges for individuals and corporate account holders who wish to withdraw cash above...

AMCON To Repay N800b Bonds in August and Has No Plans To Buy New...

The Asset Management Corporation of Nigeria says it plans to repay N800bn of bonds due by August this year. The spokesperson, AMCON, Mr. Kayode Lambo,...

U Turn or Reality Check? Emefiele Says No Action on Lending Rate Before General...

The new Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has clarified his agenda on the planned reduction of lending rates, saying...

Are These Signs That Banking Stocks Are About To BOOM>>>>>

  The Banking Sector has had a tumultuous 2014 as strict regulatory and monetary policy guidelines threaten their profitability in the months to come. Investors...

Emefiele’s Statement Sends Naira Crashing To Two Months Low

Reuters: Nigeria's naira weakened to more than two month low of 164.46 to the dollar on Friday, down 0.37 percent, a day a day...

OFFICIAL: No More Charges On Over The Limit Bank Deposits – Emefiele

In a move that is sure to excite bank depositors the new CBN Governor stopped charges on deposits made into banks. Until now, depositors...

Track Your Stocks: Top 5 Stocks Today (5/6/2014)

Redstar Express led the gainers chart today gaining 5%. On a day that the CBN Governor revealed his policy mandate for his tenure no...

What Godwin Emefiele’s Policy Statement Means For Your Money

The current CBN made his very first policy statement today as a CBN Governor and it was one that sent the markets south. In...

KPMG: Nigerian Banks’ Assets Worth $117b and Growing

The banking sector is expected to grow to over $168 billion by 2015, a KPMG report on the subsector has said. The sector was...

A-L-A-R-M-I-N-G: External Reserves Fall by $11.3bn In One Year

The nation’s external reserves have fallen by $11.3bn from $48.4bn in May last year to $37.1bn as of May 27 this year, representing a...

Your Money: Why Naira Expected to Appreciate Against The Dollar Next Week

The naira is expected to extend gains against the U.S dollar next week on support from energy companies' month-end dollar sales. The naira was...

Official: Skye Bank Secures $150m Tier-2 Capital

As part of efforts to expand its operations, Skye Bank Plc Thursday disclosed that it has raised about $150 million tier-2 capital. The bank’s Group...

Worth Noting: This Mutual Fund Will Target A Minimum of 12%pa Irrespective of Exit...

SFS Capital Nigeria Limited (A member of the Skye Financial Services Group) has recently launched an investment product called SFS Fixed Income Fund. The...

SANUSI Vs FG: Judge Transfers Sanusi’s Case To National Industrial Court For Lack Of...

Justice Gabriel Kolawole of the Federal High Court, Abuja held yesterday that his court lacked the jurisdiction to hear the suit filed by suspended...

Federal High Court Rules FRC Can’t Investigate Sanusi

The Judge said the FRCN’s posturing shows that they are prejudiced. A Federal High Court in Lagos has barred the Financial Reporting Council of Nigeria,...

Why Nigerian banks Reject Foreign ATM Cards

The Central Bank of Nigeria’s cash-less policy drive is facing threats as majority of the Automated Teller Machines in the country are rejecting ATM...

A-L-E-R-T: Treasury bill Yields Just Fell To a 14-month low

The Federal Government’s domestic borrowing costs dropped to the lowest level since March 2013 as a strengthening naira eased pressure on inflation and bolstered...

Dollar Race? MTN Foresees Naira Devaluation in 2015

The MTN Group Limited anticipates that the naira will be devalued after next year’s election, saying that the move will boost its import costs...

Official: CBN Bans Bank Debtors With N250m in Non-Performing Loans From New Loans

The Central Bank of Nigeria has banned debtors of closed banks with non-performing loans of a maximum of N250m from accessing new facilities in...

CBN: Starting From June Bank Customers Will Have One Unique Account Nos For Single...

Deposit Money Banks (DMBs) will at the end of May begin allocating uniform numbers (Bank Verification Number) that will be unique to every customer,...

CBN Proposes Stringent New HoldCo Polciy For Banking Industry…See Details

The Central Bank of Nigeria released draft guidelines for the Regulations of Financial Holding Companies in Nigeria. The 23 page documents contains guidelines ranging...

Tax Waivers? Oil Revenue Crashed by 19.8% in January — CBN

The nation’s oil revenue fell by 19.8 per cent in January 2014 compared to the corresponding period last year, according to the latest statistics...

This Chart Shows How Quickly Nigeria’s External Reserve Has Depleted Over The Last 12...

  The Nigerian external reserves has witnessed a massive decline over the last 12 months. Back in April 2013 it was at a year high...

TO SAVE THE NAIRA: CBN Sold $26.6b Of Our External Reserve Between Jan –...

In its bid to safeguard the value of the naira, the Central Bank of Nigeria sold a total of $4.04bn to companies or dealers...

Tax Waivers? Oil Revenue Crashed by 19.8% in January — CBN

The nation’s oil revenue fell by 19.8 per cent in January 2014 compared to the corresponding period last year, according to the latest statistics...

BACK ON TRACK? Naira Rises To Six-Week High

The naira rallied to its strongest level in almost six weeks as the Nigerian National Petroleum Corporation was sold dollars to the local market. Oil...

New CBN Deputy Governor Resumes

Two weeks after his confirmation by the Senate, Mr. Adebayo Adelabu on Wednesday formally assumed his new role as a Deputy Governor of the...

Diamond Bank: CRR “Crimped Profit Last Year By N3billion”

Diamond Bank Plc is planning to boost customer deposits to offset the impact of tougher regulatory requirements on earnings, Bloomberg has reported. Higher Cash Reserve Requirements imposed...

See How Nigeria CRR Compares With That Of Three Other African Countries

Among four Sub-Saharan African countries, Nigeria’s banking sector has the highest CRR, at 15 per cent for private-sector customer deposits plus 75 per cent...

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