The Federal Reserve (FDTR)’s annual stress tests found 29 of the 30 largest U.S. banks could withstand a deep recession and still pay dividends, fueling speculation about which firms will win approval next week to raise payouts. Zions Bancorporation (ZION) is the only lender that came in below one of […]
Author: InvestAdvocate
Why Emefiele Deserves to be CBN Governor
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-It was not a surprise to some of us from this divide when on February 19 news filtered into our digital newsroom that Lamido Sanusi, governor of Nigeria’s central bank has been suspended and Godwin Emefiele, group managing director/chief executive officer (GMD/CEO) of Nigeria’s third […]
CBN orders banks to submit sample cheques
The Central Bank of Nigeria has ordered Deposit Money Banks to submit their sample cheques before and after production, as well as post personalisation, to its Cheque Standard Administration Unit for inspection, analysis and approval. The move, the central bank said, would help to ensure compliance with standard and also […]
