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 […]

August 24, 2016/UBA Public Announcement  Lagos; 24- 08 -2016; Further to our press statement of yesterday, we are pleased to inform our valued customers, stakeholders and business partners as well as the general public that the CBN has re-admitted us into the Foreign Exchange Market following our remittance of all NNPC/NLNG dollar deposits. […]

August 24, 2016/Reuters The Nigerian currency was quoted at 402 naira per dollar on the black market on Wednesday, traders said, weaker than 397 it traded at its previous session as dollar shortages gripped the official market. The naira, which hit fresh record low since the central bank floated the […]