MONEY MARKET

Niyi Olaoye Head, Association of Chartered Certified Accountants (ACCA) Nigeria Country representative, Toyin Ademola said that the institute has recently revolutionized accountant’s role with finance professionals becoming leaders, trusted expert counsel and key strategic advisers to organizations whether in the public or private sectors. To define what the 2016 finance...

By  Niyi Olaoye The Central Bank of Nigeria (CBN) has said that instant money transfers through the Deposit Money Banks (DMBs) have grown to N10 trillion as at February, 2016. At a one-day interactive enlightenment session with stakeholders held in Lagos over the weekend, the apex bank said  that through...

  By Niyi Olaoye Ahead of the release of modalities for the implementation of the adopted flexible exchange rate policy by the Central Bank of Nigeria (CBN), the interbank market has already appreciated to N290 to the dollar on Friday. This was sequel to increased perception that CBN has withdrawn...

The wave of restructuring in the nation banking industry that has been throwing a large number of banking staff into the employment market has hit Ecobank Nigeria Limited as it on Wednesday sacked some of its staff members even as it undertaken the conversion of over 200 outsourced personnel to...

Niyi jacobs Some top management staff of Sterling Bank Plc recently joined the Displayed Persons (IDPs camp) in Jos, the Plateau State for the celebration of the 2016 Children Day It was all smiles for children at the Internally Displayed Persons (IDPs camp) in Jos, the Plateau State Capital as...

Niyi Jacobs Guaranty Trust Bank plc has been named the “2016 Most Innovative Bank in Africa” by African Banker Magazine at the prestigious African Banker Awards which took place on the sidelines of the AfDB annual meeting in Zambia recently. Now in its 10th year, The African Banker Awards is...

The Central Bank of Nigeria (CBN) has urged the commercial lenders to fund their naira accounts and submit bids for dollars at N197. The apex bank had on Tuesday declared that  it would adopt a flexible exchange rate policy, a shift from a peg for the naira seen as overvalued,...

Non-performing Loans (NPL) of Deposit Money Banks (DMBs) in Nigeria have risen significantly to N1 trillion in 2015, the Financial Stability Report (FSR) of Central Bank of Nigeria (CBN) has revealed. The breakdown of FSR recently released disclosed that in 2015, the NPL of the banking industry rose by 78.8...

As the ongoing Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) comes to an end on Tuesday, there are strong indications that the meeting may raise the MPR from the current 12 per cent by between 50 and 250 basis point. The committee may not have...

By ABDUL OLALEKAN Skye Bank Plc has produced another set of millionaires at the 11th edition of the ‘Reach for the Skye Millionaire’ reward scheme. This time, Mr. Daniel Edem of Adeniran Ogunsanya Branch in Lagos emerged a millionaire at the bank’s Reach for the Skye Millionaire promo held at...