September 20, 2016/NSE The Bank has observed the growing exposure of banks on payments solution service providers’ platform, due to operational failures. In furtherance of its responsibility for effective oversight of the payments system, and the need to address the issue, the bank hereby direct as follows: 1.       All Banks […]

20/9/2016/Punch Oyetunji Abioye A number of Deposit Money Banks in the country will close many of what they described as unprofitable branches as the economic recession continues to bite harder, investigation by our correspondent has shown. It was similarly gathered that most of the banks would lay off hundreds of […]

19/9/2016/FICAN —-Praises CBN’s Anchor Borrowers’ Scheme Bank deposits are mainly short-term in nature and lending such funds to customers for long-term can lead to asset mismatch, Managing Director/CEO, Fidelity Bank Plc, NNamdi Okonkwo has said. The bank chief who spoke at the 2016 Annual Conference organized by Finance Correspondents Association […]