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 […]
Money Market
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 […]
Regulator Frowns on Issuance of Dud Cheques
April 13, 2015/Thisday The Central Bank of Nigeria (CBN) has rolled out punitive measures for bank customers that are fond of issuing cheques against unfunded accounts. The central bank, which stated this in a letter to all banks posted on its website recently, said it had noted with great concern […]
