25/8/2016/The Nation are carrying a heavy load of Non-Performing Loans (NPLs), which rose 78 per cent year-on-year to N649.63 billion last May. The “worrisome” trend should be tackled, Central Bank of Nigeria (CBN) Governor Godwin Emefiele said yesterday. He was speaking at the third National Credit Reporting Conference organised by […]
Money Market
CBN Re-Admits UBA into FOREX Market
24/8/2016/CBN Further to the directive of the Central Bank of Nigeria (CBN) to all Deposit Money Banks (DMBs) to return all outstanding unremitted NNPC/NLNG foreign currency, this is to confirm that the United Bank for Africa (UBA) Plc has remitted all outstanding NNPC/NLNG deposits in its possession to NNPC’s Treasury […]
CBN to stop dud cheque issuers from operating current account
25/8/2016/Punch Oyetunji Abioye The Central Bank of Nigeria is in the process of stopping issuers of dud cheques (returned cheques) from opening current account, the Deputy Director, Banking Supervision, CBN, Mr. Stephen Nwadiuko, has said. He said the CBN was working on the credit bureaus in the country to build […]
