The Central Bank of Nigeria has said that Lagos State, five other and the Federal Capital Territory control about 90 per cent of cash transactions in the country. The other states, according to the apex bank, are Rivers, Anambra, Abia, Kano, Ogun. The Deputy Governor, Operations, CBN, Mr. Tunde Lemo, […]
World News
JPMorgan names Barry Sommers to head consumer bank
PMorgan Chase (JPM.N) said it has appointed Barry Sommers, under whom the bank expanded its services to wealthy clients, to head its Chase consumer bank business. Sommers, 44, who previously served as chief executive of the bank’s wealth management business, joined JP Morgan through the Bear Sterns merger in 2008. Sommers was […]
AMCON to pay bondholders N1.7tn in December – Sanusi
The Asset Management Corporation of Nigeria will pay N1.7tn to holders of its bonds by December 2013, the Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, has said. Sanusi stated this in Lagos on Thursday at the National Risk Management Conference, adding that bad debt bank would owe nobody apart […]
