Money Market

FSRCC Alerts on Illegal Financial Operators in Nigeria

April 5, 2022/CBN The FSRCC wishes to draw the attention of the general public to the worrisome increase in the activities of the Illegal Financial Operators (IFOs) which portends grave risk to public confidence and the stability of the Nigerian Financial System. The FSRCC in its continuing efforts to end […]

CBN Says Banks will Pay Penalty of 400% Value of Decomposed Naira Notes Discovered in Deposit

April 5, 2022/CBN The Management of the Central Bank of Nigeria (CBN) observed with concern the increase number of Composed Banknotes deposited by Deposit Money Banks (DMBs) and request for replacement of such banknotes by members of the public. The existence of Composed Banknotes in the economy falsifies the true […]

Stanbic IBTC Emerges Winner at 2022 Cosmopolitan The Daily Business Awards

March 29, 2022/P+ Measurement Services Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings, has been awarded the Best Cash Management Bank and the Best Trade Finance and Supply Finance Provider in Nigeria at the 2022 edition of the Cosmopolitan The Daily Business Awards, which held recently. Organised by […]