Author: InvestAdvocate

Naira to remain stable against US dollar –Sanusi

Wednesday, 24 Nov 2010 The Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, on Wednesday, said that he expected the Nigerian naira to remain stable against the dollar in the short term. Sanusi was quoted by Reuters in Abuja as saying, ”There will be foreign exchange stability in the near […]

Banks: CBN advocates zero tolerance against poor corporate governance

By Stanley Opara Wednesday, 24 Nov 2010 The Central Bank of Nigeria has said that regulatory authorities and other stakeholders in the Nigerian financial sector need to adopt a zero tolerance posture against cases of unsound corporate governance practices. It said this would ensure that financial institutions like the Deposit Money […]

ACAMB plans new reputation for banking industry

By investadvocate Nov 23 2010 16.22 GMT   In line with the on-going reforms in the Banking Industry, the Association of Corporate Affairs Managers of Banks (ACAMB) has initiated plans to reposition the reputation of the industry.   This was contained in a Release Tuesday November 23 2010 signed by Eddy Ademosu, President of […]