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Emefiele Reorganizes CBN…Reshuffles Deputy Governors

Press Release In line with his vision of entrenching a more professional and people-focused centralbank, the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has approved the redeployment of Deputy Governors in the Bank. With the new changes, Alhaji Suleiman Barau, Deputy Governor, Corporate Services Directorate is […]

International money transfers must be in naira —CBN

The Central Bank of Nigeria has unveiled guidelines to regulate international money transfer services in the country. The 19-page document, posted on the central bank website on Wednesday, is meant to ensure that money transfer services companies, agents, banks, and all those engaged in the provision of international money transfer […]

Fitch Rates Access Bank’s Tier 2 Note Issue ‘B-‘

(Fitch Ratings released this statement ) Fitch Ratings-London-18 June 2014: Fitch Ratings has assigned Access Bank’s (Access; B/Stable) USD400m subordinated debt (Tier 2 notes) a final rating of ‘B-‘ and Recovery Rating of ‘RR6’. The notes, issued directly through the bank, have a coupon set at 9.25% and mature on […]