The Bankers’ Committee on Tuesday said that it might be difficult for the Central Bank of Nigeria to achieve lower interest rates for the country owing to the current macroeconomic environment. The committee, at the end of its 316th meeting held at the headquarters of the CBN in Abuja, specifically […]

(Fitch released the following statement) Fitch Ratings-London-17 June 2014: Fitch Ratings has revised the Outlook on Absa Bank Limited (Absa Bank), FirstRand Bank Limited (FirstRand), Nedbank Limited (Nedbank) and The Standard Bank of South Africa Limited (SBSA) and their respective rated holding companies to Negative from Stable. The rating actions […]

The Deputy Director, Consumer Protection, Central Bank of Nigeria, Hajia Khadijat Kazeem, says the bank’s intervention between May 2010 and this year has led to the refund of N14.6bn deposited by customers at various banks in the country. This, he said, followed complaints lodged by customers about unsatisfactory services they […]