FCMB Transforming to Retail Banking The First City Monument Bank Limited says it is transforming itself from being one of Nigeria’s leading investment banks to one...
CBN to License 20 More Money Transfer Operators The Central Bank of Nigeria (CBN) will, in the coming weeks, license 20 new International Money Transfer Operators...
NSE Index Falls 0.8% as Bears Dominate Trading The Nigerian Equities Market began the week on a bearish as the Nigerian Stock Exchange (NSE) All-Share Index...
Interbank Lending Rate Jumps to Record High The overnight interbank lending rate soared to a record high of 128 per cent on Monday on naira cash...
Sterling Bank Gets Ratings Affirmation Moody’s Investors Service, in its September Credit Opinion update, has re-affirmed Sterling Bank’s Issuer Credit rating of b2 and the standalone...
Banks Suspend ATM Card Usage Abroad Deposit Money Banks have begun suspending their Automated Teller Machine cards (debit and credit) from working overseas as dollar scarcity...
External Reserves Hit 11-year Low of $24.21bn The country’s external reserves have hit an 11-year low of $24.21bn, according to the latest data from the Central...
Market Loses N59bn as CBN Restricts Forex Sales The stock market (equities) dipped by N59bn on Thursday following the Central Bank of Nigeria’s directive to Deposit...
No Nigerian Bank is Undercapitalised The Central Bank of Nigeria (CBN) has said that there is no truth in a report that seven Nigerian banks are...
Equities in Marginal Loss as Profit-taking Resurfaces Nigerian equities snapped a two-day rally yesterday as investors turned round to take profits on stocks that had led...
