18/2/2018/Reuters Shinichi Saoshiro The dollar index against a group of six major peers .DXY was mostly steady at 89.045 after enjoying a modest bounce on Friday following its descent to 88.253, its lowest since December 2014. The U.S. currency has been weighed down by a variety of factors this year, […]
Money Market
CBN Direct Banks With High Non-Performing Loans Not Pay Dividend
February 19, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) and Discount Houses with high Non-Performing Loans (NPLs) not pay dividend to shareholders, according to a circular dated January 31, 2018 with reference number BSD/DIR/GEN/LAB/11/002 and signed by Ahmad Abdullahi, director, Banking Supervision Department, […]
SEC Targets Increased Level of Financial Inclusion by 2020
February 18, 2018/SEC The Securities and Exchange Commission (SEC) has said that it aims to achieve increased level of financial inclusion of Nigerians by the year 2020. Acting Director General of the SEC, Dr. Abdul Zubair stated this during a financial inclusion sensitization campaign held in Karshi, Abuja weekend. Represented […]
