Author: InvestAdvocate

Intercontinental Bank gets CBN’s clearing awards

Monday, 21 Feb 2011 Intercontinental Bank Plc has won the Central Bank of Nigeria’s Clearing House awards for 2010. It emerged the Best Clearing Bank, Most Error Free Settlement and Punctual Bank in Akure, Ilorin and Makurdi zones, a statement from the bank on Saturday said.The statement said the bank […]

CSCS Lobbies to be Market Custodian

By Goddy Egene, 21 Feb 2011 The Central Securities Clearing Systems Limited (CSCS) is currently seeking the support of the Securities and Exchange Commission (SEC) to operate as a custodian in the nation’s capital market.   The CSCS is currently the clearinghouse for the market. It   clears and settles shares […]

Banks panic as CBN moves to verify update of customers’ accounts

By Enitar Ugwu, Monday, 21 February 2011 Shock waves swept through the nation’s banks at the weekend as they got wind of the Central Bank of Nigeria (CBN) planned verification of the level of their compliance with the just-concluded customer accounts’ update.The exercise begins on March 7, but the banks […]