July 5, 2018/CBN Pursuant to the provisions of Section 44 (S. 1 and 2) of the Cybercrime (Prohibition, Prevention, etc) Act 2015, all Mobile Money Operators (MMOs) and other affected Payment Service Providers are hereby directed to comply with the statutory provision for the collection and remittance of the 0.005 […]
Money Market
CBN Renews Mandate of Skye Bank Directors to 2020
July 4, 2018 By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) has extended the mandate of the board of directors of Skye Bank Plc for an additional two (2) years to 2020. This is contained in a notice on Wednesday signed by Babatunde Osibodu, company secretary/general counsel […]
Mid-tier Banks Show Solid Earnings Potential But Still Need to Recover From the 2016 Recession
Culled—Proshare July 4, 2018/Moody’s Investors Service Nigeria’s mid-tier banks — Fidelity Bank Plc (Fidelity), Union Bank of Nigeria Plc (Union), First City Monument Bank Limited (FCMB), Sterling Bank Plc, and Diamond Bank Plc (Diamond) — will grow their earnings materially over the long-term, says Moody’s Investors Service (“Moody’s”) in a […]
