October 23, 2015/FirstBank First Bank of Nigeria Limited, a subsidiary of FBN Holdings Plc and Nigeria’s most valuable bank brand, has again achieved an international certification on Complaints Management. The certification was achieved on the heels of the Bank’s drive to improve its management controls and processes that deal with […]
Money Market
Nigeria needs to devaluate naira, ease dollar restrictions- former cenbank governor
October 23, 2015/Reuters/Chijioke Ohuocha Nigeria will have to devalue the naira and loosen monetary policy to stimulate Africa’s biggest economy hit by a plunge in oil prices, former central bank governor Lamido Sanusi said on Friday, criticising the bank’s currency policy. Sanusi was removed in 2010 after he raised concern […]
CBN Directs Use of BVN for all FOREX Transactions Effective Nov’ 01
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- The Central Bank of Nigeria (CBN) has directed the use of Bank Verification Number (BVN) for all foreign exchange transactions with effect from November 01, 2015. The CBN gave this directive in a circular with reference number FPR/DIR/CIR/GEN/05/015 dated October 21, 2015 and signed […]
