24/8/2016/CBN Further to the directive of the Central Bank of Nigeria (CBN) to all Deposit Money Banks (DMBs) to return all outstanding unremitted NNPC/NLNG foreign currency, this is to confirm that the United Bank for Africa (UBA) Plc has remitted all outstanding NNPC/NLNG deposits in its possession to NNPC’s Treasury […]
Updates
CBN to stop dud cheque issuers from operating current account
25/8/2016/Punch Oyetunji Abioye The Central Bank of Nigeria is in the process of stopping issuers of dud cheques (returned cheques) from opening current account, the Deputy Director, Banking Supervision, CBN, Mr. Stephen Nwadiuko, has said. He said the CBN was working on the credit bureaus in the country to build […]
Hedging against Inflation in a yield rising environment
August 24, 2016/Cordros Research The current economic climate in Nigeria has made lots of investors wary about investments with most people turning a deaf ear to investment opportunities. With purchasing power depleting, a volatile equity market and inflation rising rapidly, investors and would-be investors have remained risk averse. The less […]
