Money Market

Fitch: IFRS 9 No Threat to Nigeria Banks’ Regulatory Capital

23/7/2018/Fitch Ratings Fitch Ratings says in a new report that regulatory capital ratios for rated Nigerian banks are not under threat following the first-time application of IFRS 9 accounting standard. Nigerian banks have to reflect the full impact of additional expected loss reserves due under IFRS 9 in regulatory capital […]

Forex: CBN Intervenes With $210m

Culled—Proshare August 7, 2018/CBN In another round of intervention, the Central Bank of Nigeria (CBN) has injected the sum of $210million into the inter-bank Foreign Exchange Market to ensure the availability of forex and also meet customers’ requests in various segments of the market.  At the trading on Tuesday, August […]

Heritage Bank Achieves PCI DSS Version 3.2 Recertification

5/8/ 2018/Heritage Bank Heritage Bank Plc, ­­­­­­­­Nigeria’s Most Innovative Banking Service provider, has successfully attained recertification of the Payment Card Industry Data Security Standard (PCI DSS) version 3.2, having achieved the International Organisation for Standardisation ISO 27001:2013 recertification recently. With its legacy of innovation, the recertification reaffirms the bank’s leading […]