First City Monument Bank Limited says it has commenced commercial banking operations at its London subsidiary, FCMB (United Kingdom) Limited. The bank said the development followed approval by the regulatory authorities in late 2013 to begin wholesale deposit taking for businesses and corporate organisations. The bank said the activities represented […]
Author: InvestAdvocate
Central Bank Targets 6% Inflation Rate
The Central Bank of Nigeria (CBN) has expressed its resolve to sustain the single-digit inflation in the country. Specifically, the central bank stated that its objective is to bring inflation down to six per cent before the end of 2015, even as it fixed an upper limit of nine per […]
MPC meets today to discuss falling reserves, naira
The nation’s fast depleting external reserves and the persistent pressure on the naira will top the agenda as the Central Bank of Nigeria’s Monetary Policy Committee begins its two-day meeting today (Monday). Being the first MPC meeting after the suspension of Mr. Lamido Sanusi as the CBN governor, the financial […]
