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Nigerians Can Now Transfer $2,000 Abroad Via Outbound Money Transfer Services-CBN

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Thursday announced that Nigerians can now transfer up to $2,000 abroad to relatives via the Outbound Money Transfer Services in partnership with the Western Union Money Transfer (WUMT). The CBN said Godwin Emefiele, the governor will as part […]

Customers to Pay N65 for ATM Withdrawals from Other Banks-CBN

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Bank customers will from September 01 pay N65 for cash withdrawals made from other banks’ Automated Teller Machines (ATMs) the Central Bank of Nigeria  (CBN) said on Wednesday. According to the circular dated August 13, 2014 and signed by Dipo Fatokun, director, banking and payment […]

Diamond Bank Reports N25.4 Billion Non Performing Loan

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Diamond Bank Plc on Wednesday reported a N25.4 billion non performing loan (NPL) in the bank’s facts behind the offer at the Nigerian Stock Exchange (NSE) in Lagos Nigeria. Alex Otti, group managing director/chief executive officer (GMD/CEO) of the bank said NPL ratio stood at […]