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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 […]

Nigerian naira slips 0.43 pct on importer dollar demand

Nigeria’s naira fell 0.43 percent against the U.S. dollar on the interbank market on Wednesday after importers brought forward their obligations to take advantage of a recent rally in the local currency. The local unit closed at 161.65 naira to the dollar, weaker than the 160.95 naira it closed the […]