Money Market

CBN Extends Suspension of Charging Processing Fees on Cash Deposits Till September 30, 2024

May 8, 2024 By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Wednesday extended the suspension of processing charges on cash deposits above specified thresholds for both individuals and corporates until September 30, 2024. This is contained in a circular signed by the Acting Director of Banking […]

Nominations Announced for the African Banker Awards 2024

May 7, 2024/IC Media African Banker magazine has announced today the shortlist of nominees for this year’s edition of its African Banker Awards. Since its inception in 2007, the African Banker Awards has recognised the exceptional individuals and organisations driving Africa’s rapidly transforming financial services sector. The Award winners will be announced […]

NDIC Reviews Upwards Maximum Deposit Insurance Coverage Level to N5m from 500K

Image Credit: NDIC May 2, 2024/NDIC ADDRESS OF THE MD/CE NIGERIA DEPOSIT INSURANCE CORPORATION (NDIC) MR BELLO HASSAN AT THE PRESS CONFERENCE ON THE REVIEW OF THE MAXIMUM DEPOSIT INSURANCE COVERAGE LEVEL, THURSDAY 2ND MAY 2024 My Executive Directors and other members of staff of the NDIC, Ladies and gentlemen […]