HEADLINES
Why We Should Reject The N10,000 Withdrawal Limit
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 […]
Search Results for
BANKING
Banks Shut Doors On BDCs, Politically-Exposed Persons
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 […]
BANKING
CBN To Release Flexible Forex Guidelines This Week
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, […]
BANKING
Deposits in banks shrink by N1.03tn
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 […]
HEADLINES
Insurers Focus on Building Reserves
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 […]
HEADLINES
Gunman kills 50 in US gay club
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 […]
HEADLINES
A.M. Best upgrades ratings of African Reinsurance Corporation
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 […]
BANKING
AfDB approves $150m line of credit for UBA
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 […]
HEADLINES
Nigeria’s Non Performing Loans ratio jumps to 10.1%
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 […]
BANKING
Banks move to limit over-the-counter withdrawals to N10,000
Customers of Deposit Money Banks, DMBs, may be faced with a new across-the counter cash withdrawal limit to be pegged at N10, 000. It was […]