Stocks extended losses on Tuesday with the S&P 500 breaking below a key support level before the start of first-quarter earnings season, Reuters reported. The S&P 500 fell more than one per cent in midday trade to slide below its 50-day moving average of 1,372.30, an area viewed as the […]

As a direct consequence of the cash-less regime, electronic fund transfer, instant payment and cheque transactions via the Nigeria Inter Bank Settlement Payment System Plc are now worth over N70.2bn daily. The Central Bank of Nigeria, which disclosed this in a document made available to our correspondent on Tuesday, said […]

The Nigeria Deposit Insurance Corporation will soon begin a risk-based audit of the banking sector. The move, it was learnt, became imperative in order to detect transactions that served as potential risk to the financial sector. To keep auditors of the corporation abreast with the latest auditing techniques, a three-day […]