By InvestAdvocate Lagos (INVESTADVOCATE) –The naira on Monday traded N226 to the dollar on the parallel (Black) market down 2.7 percent since the introduction of the Central Bank of Nigeria (CBN) new foreign exchange (FOREX) to curb declining foreign reserves, a Reuters report quoted traders. The report says the Nigerian […]
Money Market
Fidelity Bank Rewards Customers with N52 Million on Loyalty Savings Scheme
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier lender, Fidelity Bank Plc has rewarded customers of the bank with N52 million on the Fidelity Loyalty Savings Scheme, it said in a statement on Thursday. Nnamdi Okonkwo, managing director/chief executive officer, (MD/CEO) of the bank said that it will continue to […]
CBN to Re-Design Credit Risk Mgt System of Banks
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 […]
