Money Market

Nigeria’s interbank market frozen as banks move govt revenue to cenbank

September 15, 2015/Reuters Nigerian banks made no bids on the interbank money market on Tuesday as they awaited instructions on how to comply with a directive to transfer government revenues into a single account with the central bank, dealers said. President Muhammadu Buhari has ordered that all revenues be paid […]

CBN Direct Banks to Equip Branches on E-Dividend Mandate Forms

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Monday directed all Deposit Money Banks (DMBs) in Nigeria to equip all its branches to treat, validate, scan and upload e-Dividend mandate forms presented to them. The circular with reference number BPS/DIR/GEN/05/009 dated September 14, 2015 and signed […]

CBN Direct Banks to Equip Branches on E-Dividend Mandate Forms

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Monday directed all Deposit Money Banks (DMBs) in Nigeria to equip all its branches to treat, validate, scan and upload e-Dividend mandate forms presented to them. The circular with reference number BPS/DIR/GEN/05/009 dated September 14, 2015 and signed […]