A cleaner, Sodiq Oyetunde, who was found in possession of 15 leaves of signed banks’ cheques, was on Monday charged before a Tinubu Magistrates’ Court in Lagos. Oyetunde, 35, who ...
We reported earlier on “a proposal to limit the over the counter cash withdrawal by bank customers to N10,000 which has been tabled before the Central Bank of Nigeria (CBN). The ...
Amidst intensified anti-corruption siege on banks by the Economic and Financial Crimes Commission, EFCC, Bureaux de Change, BDCs, may have come under severe vetting by the banks with indications that ...
Any time this week, which analysts believe may be Friday, when the Central Bank of Nigeria usually takes bids from authorised dealers of foreign exchange, the apex bank will unveil ...
The harsh economic conditions facing the country have led to a drastic reduction in customers’ deposits in banks with the industry recording a decline of about N1.03tn in total deposit, ...
The introduction of the Solvency 2 regime in the regulation of insurance industry is compelling insurers to concentrate more effort on building strong reserves than dishing out returns on investment. ...
No fewer than 50 persons, including a 29-year-old gunman, Omar Mateen, were killed on Sunday in an attack on a gay nightclub in Orlando, Florida in the United States. The ...
A.M. Best has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit rating to “a” from “a-” of African Reinsurance Corporation (Africa Re) (Nigeria). ...
Board of directors of the African Development Bank Group (AfDB), through its private sector window, has approved a $150-million line of credit for United Bank of Africa plc (UBA). The ...
The Nigeria’s Non Performing Loans, NPL, ration stood at 10.1% as at April, 2016, the Central Bank of Nigeria has said. The sudden rise in the NPL is said to ...
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