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All posts tagged "banks"

  • CBN sells forex worth $258.5m

    The Central Bank of Nigeria on Monday sold $258.5m (N40.06bn) worth of foreign exchange at its bi-weekly Wholesale Dutch Auction System. The News Agency of Nigeria reported that the CBN sold $263.67m at the previous WDAS on August 28....

    • Posted September 4, 2013
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  • CBN compels banks to buy dollars to halt naira depreciation

    The Central Bank of Nigeria (CBN) on Friday compelled banks to buy dollars at N160.5 per dollar, in a bid to halt the four day depreciation of the naira at the interbank foreign exchange market. The unusual...

    • Posted September 3, 2013
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  • Lending: CBN simplifies collateral requirements for SMEs

    The Central Bank of Nigeria has unveiled plans to simplify the collateral requirement for lending to Micro, Small Medium-Scale Enterprises. This move, according to the Director, Development Finance Institution, CBN, Mr. Paul Eluhaiwe, will enable the MSMEs...

    • Posted August 20, 2013
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  • CBN moves against dud cheque issuers

    If you are a bank customer and you issued dud cheques at least three times since July 5, then you have something to worry about. The Central Bank of Nigeria (CBN) has directed all banks to compile...

    • Posted August 19, 2013
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  • Customers issued N166bn dud cheques in 2012 – CBN

    The Central Bank of Nigeria, CBN, Wednesday, said banks’ customers across the country issue N166 billion worth of dud cheques in 2012. Commonly referred to as bounced or dishonoured cheques, dud cheques are cheques that banks cannot...

    • Posted July 11, 2013
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  • Nigeria is a better country for forex trading – Igwe

    The partnership between Mr. Oyeleke Toye of Cyber Konsult Ltd and its foreign partner,  Mr. Ildar Nailevich, gave birth to InstaForex in Nigeria, a forex trading  company aimed at enlightening Nigerians on the techniques and success of...

    • Posted June 22, 2013
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  • Agbaje attributes GTB’s strong results to customer loyalty

    Chief Executive Officer of Guaranty Trust Bank Plc, Mr. Segun Agbaje, has attributed the strong results posted by the banks for the financial year to customer loyalty. Speaking to a group of journalists, just days after the...

    • Posted April 8, 2013
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  • Earnings Flash: GTBank 2012 Net Income Arrives At N86.9 billion, Earnings Hit N222 billion

    2012 will definitely go on record as one of the most profitable years for the banks. GTBank has reported a profit before tax of N103 billion. The company’s net income for the year was N87 billion. The...

    • Posted April 3, 2013
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  • Nationalised banks: AMCON advisers set to submit report

    The financial advisers appointed to value the three nationalised banks preparatory to the exit of the Asset Management Corporation of Nigeria from them and their eventual sale to investors will submit their report later this week. The...

    • Posted February 27, 2013
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  • Banks’ growth will reflect in real sector – CBN

    Deputy Governor at the CBN, Alhaji Suleiman Barau says the apex bank will ensure that the growth recorded in the banking sector is transmitted to real sector. Barau made the pledge in Lagos on Friday, 22, 2013...

    • Posted February 25, 2013
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