Money Market

GTBank, FCMB, Union Bank Expelled from Wholesale Forex Window over Infractions

May 2, 2017/The Will The Central Bank of Nigeria (CBN) has banned over a dozen commercial banks in Nigeria from the highly lucrative Wholesale FX window (spot and forwards) for deliberately frustrating efforts by small and medium scale enterprises (SMEs) to access foreign exchange from the new forex window created […]

NEXIM Says Abubakar Bello Assumes Office as New MD

Mr Abubakar Bello (L) and Mr. Bashir Wali (R) at the NEXIM Bank Headquarters during the ceremonial handover  May 2, 2017/NEXIM Bank The new Managing Director of the Nigeria Export-Import Bank (NEXIM), Mr Abubakar Bello today ceremonially took over the reins of leadership of the Bank from Mr. Bashir M. Wali, who […]

MyStocKIT: Heritage Bank launches MSME app for ease of doing business

May 2, 2017/Heritage Bank Ltd In line with its commitment to ensure swift expansion of the micro small medium enterprises (MSME) market segment, Heritage Bank has introduced MyStocKIT, an android hand-held solution that enables clients to track stock movements, maintain dynamic stock levels and address fundamental accounting/book keeping management requirements […]