Money Market

Sustainable Banking as a Driver for Growth: A Survey of Nigerian Banks

Culled—Proshare May 31, 2017/Deloitte Click here to download full report Financial services regulators in Nigeria increasingly see sustainable banking as an avenue to promote the sustainable development of the nation. As such, key regulators have established and continue to improve frameworks, guidelines and regulations mandating banking institutions to implement sustainability […]

CBN Lifts Naira With $482.6m; Retail SMIS Receives $286m as Wholesale Segment Gets $100m

Culled–Proshare May 31, 2017/CBN CBN In the first trading day after the Democracy Day celebrations, the Central Bank of Nigeria (CBN) on Tuesday, May 30, 2017, intervened in the inter-bank market to the tune of $482.6 million, underlining its determination to guard the international value of the naira. A breakdown […]

Banks lost N2.19bn to fraudsters in 2016 – CBN

31/5/2017/Punch Ifeanyi Onuba The Central Bank of Nigeria on Tuesday said that Deposit Money Banks in the country lost a total of N2.19bn to fraudsters in the 2016 fiscal period. The figure was contained in the Nigeria Electronic Fraud Forum Annual Report, which was unveiled by the CBN Governor, Mr. […]