The Managing Director/Chief Executive Officer, Nigeria Deposit Insurance Corporation, Alhaji Umaru Ibrahim, says full implementation of the Treasury Single Account policy will help banks to diversify their sources of deposit mobilization. According to him, the policy has shown that the era of “arm-chair banking in Nigeria” is over. He spoke […]

By InvestAdvocate with Agency Reports Lagos (INVESTADVOCATE)-Nigeria’s President Muhammadu Buhari said on Wednesday that he does not think the nation’s local currency the naira should be devalued again, a Reuters report quoting the President in an interview with France 24. The report quoted President Buhari as saying “I don’t think […]

Deposit Money Banks in the country have transferred about N1.5tn from the accounts of Ministries, Departments and Agencies of the Federal Government to the Central Bank of Nigeria as the deadline for the commencement of the Treasury Single Account policy expires yesterday (Tuesday),. Top bank executives said a huge chunk […]