Culled–Proshare 7/3/2017/CBN In continuation of its resolve to ease the challenge of access to foreign exchange, the Central Bank of Nigeria (CBN) on Tuesday, March 7, 2017 further injected another sum of $100m into the interbank foreign exchange market. The Bank’s Acting Director, Corporate Communications, Isaac Okorafor, confirmed this to […]
Money Market
NDIC: Insider Loans Affecting Banking Industry
7/3/2017/Thisday By Damilola Oyedele in AbujaThe Nigeria Deposit Insurance Corporation (NDIC) has said insider loans, which constitute a higher percentage of non- performing loans in the industry, have negatively affected the sector. This is as the agency called for the enactment of legislation to prohibit insider loans, such as bank […]
Reps seek to warehouse dormant accounts in CBN
7/3/2017/Punch John Ameh, Abuja The House of Representatives moved on Monday to contain abuse of depositors’ dormant accounts by commercial banks in the country. Amendments to the Banks and Other Financial Institutions Act, 2004 have been proposed to stop the trend by empowering the Central Bank of Nigeria to assume […]
