The Central Bank of Nigeria in collaboration with the Information and Technology Standards Council is reviewing the IT standards blueprint in the banking sector. The aim is to align the IT standards in the sector to current realities and trends in the financial sector. The IT Standards Council, a body […]
Money Market
FCMB of Nigeria Chief Says Foreign-Currency Curbs Hurting Banks
April 16, 2015/Bloomberg Nigerian lender FCMB Group Plc said restrictions in foreign-currency trading are the biggest risk to banks in Africa’s largest economy as they struggle against a slump in oil prices and a weak naira. “What we clearly see is a very tough half year,” Chief Executive Officer Ladi […]
Financial Inclusion: 700 Million Adults Hold Bank Accounts Globally-Report
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- The number of people worldwide having an account grew by 700 million between 2011 and 2014. 62 percent of the world’s adult population has an account; up from 51 percent in 2011, according to the latest report from Global Findex world’s most comprehensive database […]
