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 […]
Money Market
CBN Orders Immediate Adoption of Examiners’ Recommended Provision and Audit Adjustments by the OFIs
6/3/2017/CBN Upon the receipt of the Routine Examination from the Central bank of Nigeria (CBN) or the Nigeria Deposit Insurance Corporation (NDIC) by the OFI, it is required that the board of each OFI deliberates upon the Report and give an undertaking that the recommendations therein will be implemented. A […]
Nigerian Equities Close Weaker on Resumed Bear Pressure
March 6, 2017/InvestmentOne Research Click here to download Daily Markets Report for Monday March 6, 2017 EQUITIES: Following the sell-off in DANGCEM (-560pts), which more than offset the gains in NESTLE (+145pts), NB (+27pts), ZENITHBANK (+17pts) and GUARANTY (+14pts), the equities market closed down -1.72% to end today’s session […]
