Banking

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  Interbank rate drops as market liquidity surges

  The nation’s interbank overnight rate fell to five per cent on Friday from 15...

  • Posted July 3, 2016
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  FG urged to create special FX Window for manufacturers

  Despite the appreciable progress recorded in the foreign exchange market since the Central Bank...

  • Posted July 2, 2016
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  Seni Adetu appointed Fidelity Bank’s Non-executive Director

  Fidelity Bank Plc has announced the appointment of Chief Seni Adetu, as an Independent...

  • Posted July 1, 2016
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  Banks recorded N18bn fraud cases in 2015 — NDIC

  The banking sector recorded 12,279 fraud cases involving the sum of N18.02bn in the...

  • Posted June 30, 2016
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  NEXIM Bank urges exporters to access intervention funds

  Nigerian Export Import Bank (NEXIM Bank) has advised exporters to take advantage of the...

  • Posted June 25, 2016
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  CBN okays Wema Bank as FX Primary Dealer

  Following the recent commencement of trading on the Nigeria Interbank Foreign Exchange (NIFEX), and...

  • Posted June 22, 2016
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  Banking Index rises 11.9% as investors swoop on stocks

  Apparently aware of the positive impact the new foreign exchange (forex) policy of the Central...

  • Posted June 21, 2016
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  CBN grants Providus Bank commercial banking licence

  Providus Bank Plc has been granted a commercial banking licence with regional authorisation by...

  • Posted June 16, 2016
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  Buhari backs CBN flexible Forex policy, says it’s down payment for success

  The flexible foreign exchange policy of the Central Bank of Nigeria got a presidential...

  • Posted June 15, 2016
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  Banks sacking: NECA opposes planned picketing by union

  The Nigeria Employers’ Consultative Association has condemned the planned picketing of selected banks by...

  • Posted June 14, 2016
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