The Bankers Committee has said that the currency restructuting exercise especially the planned introduction of the N5,000 note will help banks reduce interest rate. This was the position of the committee at the end of its 309th meeting on Tuesday in Abuja. Addressing journalists at the end of the meeting […]
Author: InvestAdvocate
CBN to assess bank managers’ competence
The Central Bank of Nigeria has directed deposit money banks to furnish it with information on its managers with a view to assessing their competences. The bank, in a statement posted on its website, said there was the need to assess the skills, qualifications, experiences and competences of bank employees […]
N1.7tn pension fund invested in FGN securities
About N1.7tn of the total pension fund so far accumulated under the Contributory Pension Scheme had so far been invested in Federal Government of Nigeria’s securities. Figures obtained by our correspondent from the National Pension Commission on Tuesday revealed that N1.7tn, which is about 63.07 per cent of the total […]
