By OBIORA Peter InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) said on Wednesday it’s in the process of redesigning the Credit Risk Management System (CRMS) of banks. The CBN in a circular with reference number FPR/DIR/CIR/GEN//05/007 signed by Kevin Amugo, director, financial policy and regulation department and dated June […]
Money Market
Ecobank Says Retiring Albert Essien to Act over 2-month Transition Period
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Pan-African lender, Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group said on Wednesday that Albert Essien, its outgoing group chief executive officer (GCEO) will act as the bank’s chief executive for the two-month transition between the effective date of his retirement, 30 June, […]
Nigeria Central Bank Said to See Naira Rout If Curbs Removed
June 23, 2015 by Paul Wallace & Emele Onu/ Bloomberg Nigeria’s central bank outlined concerns at a meeting with bankers last week that removing naira trading curbs may cause the currency of Africa’s biggest oil producer to tumble, a person who was at the meeting said. Governor Godwin Emefiele and […]
