July 26, 2023/CBN The Monetary Policy Committee (MPC) met on the 24th and 25th of July 2023, against the backdrop of continued uncertainties in the global and domestic economies. This included geo-political tensions, threats to globalization and the multilateral economic system. On the domestic front, output growth continued at a […]
Money Market
CBN Direct Banks to Vacate “Post-No-Debit” Restrictions on 440 Customers Account
July 26, 2023/CBN In its latest regulatory step, the Central Bank of Nigeria (CBN) has instructed banks to vacate “Post-No-Debit” restriction placed on 440 accounts of customers. This covers individual and corporate accounts across the country. In a letter signed by the Director of Banking Supervision of CBN, the banks […]
Ecobank, once again, wins coveted Euromoney award as Africa’s Best Bank for SMEs
July 25, 2023/Ecobank Nigeria Ecobank, the leading pan-African Banking Group, has been named Africa’s Best Bank for SMEs (small and medium-sized enterprises) by the prestigious Euromoney Awards for Excellence for the second year running, having also won the accolade in 2022. Jeremy Awori, Chief Executive Officer, Ecobank Group, said: “This […]
