By Ademola Alawiye Wednesday, 5 Jan 2011 The Central Bank of Nigeria has issued new rules guiding the sales of foreign currency in the country. According to a statement on the CBN website, the revision of the guidelines is to prevent deposit money banks from selling the foreign currency purchased at […]

By Stanley Opara Wednesday, 5 Jan 2011 Following the Central Bank of Nigeria‘s directive that account owners should update information about their accounts with their banks before January 31, 2010, bankers have urged account owners to comply. Some bankers who spoke to our correspondent on Tuesday, said it was better for […]

By Udeme Ekwere Wednesday, 5 Jan 2011 Stocks in the banking sub-sector of the Nigerian Stock Exchange recorded increased activities at the end of the first trading day of the year. This followed the purchase of the toxic assets of banks by the Asset Management Corporation of Nigeria. At the close […]