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 […]
World News
UBA CEO wins CEO of the Year Award
Press Release Lagos; 26/09/2013: The Group Managing Director of the United Bank for Africa (UBA) Plc, Mr. Phillips Oduoza, has been named Socially Responsible Investment (SRI) 30 “CEO of the Year†by African Investor; one of the leading investment and specialist communications firm advising governments and businesses on investments in […]
Risk management in banks at rudimentary stage  CBN
The Central Bank of Nigeria on Wednesday said risk management practices among financial institutions in the country was still at a ‘rudimentary stage.’ The Deputy Governor, Financial System Stability, Dr. Kingsley Moghalu, in a keynote address at the Moody’s Analytics 2nd Annual West Africa’s Risk Management Conference in Lagos, said […]
