October 13, 2016/First Bank of Nigeria Ltd The Central Bank of Nigeria (CBN) has announced First Bank of Nigeria Limited the sole authorised dealer for foreign exchange proceedsto licencedBureau de Change (BDC) operators in Nigeria. The announcement is coming on the heels of the Bank’s strengthened money transfer services as […]

11/10/2016/Punch There are some hazards in international banking. Getting answers to the following questions will show how sound or safe an international bank is. Is the bank in a country on the verge of economic collapse? Is the bank in a country notorious for its corruption? Is the bank known […]

11/10/2016/Punch Oyetunji Abioye The Central Bank of Nigeria on Wednesday raised concerns about what it called the indiscriminate and suspicious manner some bank customers were spending dollars and other foreign currencies abroad through their naira debit cards. Consequently, the regulator said it had through the Bankers’ Committee concluded that bank […]