By InvestAdvocate Lagos (INVESTADVOCATE)- The Central Bank of Nigeria on Tuesday said bank customers can now deposit cheques not more than N2 million in value into their savings account per day. This is contained in a circular with reference number BPS/DIR/GEN?CIR/03/005 dated July 28, 2016 and signed by Dipo Fatokun, […]
Updates
CBN Warns: Beware of Unregistered Money Transfer Operators
3/8/2016/CBN The Central Bank of Nigeria (CBN) wishes to advise Nigerians at home and in the Diaspora to beware of the unwholesome activities of some unlicensed International Money Transfer Operators (IMTOs) in Nigeria. This warning has become necessary because of the activities of some unregistered IMTOs, whose modes of operation […]
All Round Pressure Sinks Skye Bank FY’15 Earnings
Culled—-Proshare August 2, 2016/Vetiva Research Bottom line down, bank declares N41 billion loss Cost pressure persists, Interest Expense up 73% y/y Efficiency deteriorates amidst higher OPEX (FY’15 CIR: 113%) CAR weakens amidst 8% rise in loan book (FY’15 CAR: 12%) Interest, impairment, and staff cost impact bottom line After a […]
