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...
CBN Stops Banks From Sacking Workers Bank workers will no longer nurse the fear of losing their jobs. The Bankers Committee yesterday halted retrenchment by banks....
NAMA Saves N1.5bn From Airport Maintenance About N1.5bn has been saved in the last two years by engaging indigenous engineers in the maintenance of airport facilities,...
CBN to Bar Errant Bank Customers From Forex Market The Central Bank of Nigeria on Wednesday raised concerns about what it called the indiscriminate and suspicious...
Naira Maintains Gain on Parallel Market The Nigerian Naira appreciated on the parallel market on Tuesday, following the introduction of Travelex to the Bureau De Change...
