In line with its commitment to protect bank customers, the Central Bank of Nigeria (CBN) at the weekend said it would soon introduce a policy aimed at enforcing the repayment of illegal deductions on customers’ account by banks. Specifically, the CBN Governor, Mallam Sanusi Lamido Sanusi, who revealed this at […]
Author: InvestAdvocate
NSE All-Share Index Rose 26.72% to Lead Other Global Stock Markets
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) All-Share Index (ASI) Friday rose by 26.72 percent (26.72%) to lead other global stock markets for the period ended September 27 2013, according to Investment One’s Financial Markets Report. “The NSE’s ASI maintained its top performance as its Year-to-Date (YTD) […]
1st Bank Enforces Charges on Cash Policy
First Bank of Nigeria has said it would, from October 1, begin implementation of the cashless policy of the Central Bank of Nigeria, which stipulates that banks should charge customers for every cash deposit and withdrawal exceeding N500,000 for individuals and N3 million for corporate organisations. The CBN directive on […]