Money Market

CBN Directs Banks to Enforce Mandatory Use of GIFMIS Revenue Reference Number

October 24, 2017/CBN Further to our circular referenced BSPD/DIRGEN/CIR/04/009, dated 25th September 2017, requesting all Deposit Money Banks (DMBs), to enforce the mandatory use of the GIFMIS Revenue Reference Numbers (RRN), at the point of Revenue collection into the TSA, the following clarification is hereby provided to aid its smooth […]

Heritage Bank storms Lagos Comic 2017, allays fear of creative artists over finances

October 24, 2017/Heritage Bank Ltd The creative artistes, who participated in this year’s edition of Lagos Comic Con, got a booster from Heritage Bank Plc as the financial powerhouse allayed their fears over inaccessibility of funds for operators in the industry. Speaking at the 6th edition of Lagos Comic 2017, […]

FOREX: CBN Consolidates Market Stability With $195m

Culled—Proshare October 23, 2017/CBN  The Central Bank of Nigeria (CBN) on Monday, October 23, 2017, injected the sum of $195million into the inter-bank Foreign Exchange Market. Figures obtained from the Bank indicate that the CBN offered $100million to authorized dealers in the wholesale segment of the market, while the Small […]