Business News
Business and economic news from Nigeria and around the world.
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....
Read moreDetailsSee 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...
Read moreDetailsOfficial:15% CRR On Private Sector Deposits Begins Today
The Central Bank of Nigeria (CBN) will today begin the implementation of the 15 per cent Cash Reserve Ratio (CRR)...
Read moreDetailsAGAIN Currency Experts Fear Naira Devaluation Is Coming Soon
Analysts and stakeholders have continued to express fear over the possible devaluation of the naira in coming months. The acting...
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Godwin Emefiele Has Left Zenith But This Was The Share Price On The Day He Left
The former MD of Zenith Bank now CBN Governor designate has finally handed over to a new CEO as he...
Read moreDetailsRound 1: Court Rules In Sanusi’s Favour. Requests For Public Apology and N50m Compensation
A Federal High Court, Lagos has ordered the Federal Government, the State Security Service and the police to immediately release...
Read moreDetails“God” Analysts: This Is What They Expect From The New CBN Governor
It was basically confirmed last week that Godwin Emefiele will be the new CBN Governior come July 1 2014 when...
Read moreDetailsN-O-T-I-C-E: Bank of England Changes £50 Bills, Return Yours To BDC Before April 30
The Bank of England will on April 30 withdraw £50 bill (with the portrait of John Houblon) from circulation, the...
Read moreDetailsOfficial: Senate Confirms Emefiele As CBN Governor
The Senate on Wednesday confirmed the nomination of the Managing Director, Zenith Bank Plc, Mr. Godwin Emefiele, as the next...
Read moreDetailsThis Is What First Bank MD Had To Say About Increasing Public Sector CRR To 100%
The Group Managing Director, First Bank of Nigeria, Mr. Bisi Onasanya, on Monday said the proposed increase in Cash Reserve...
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