First Bank of Nigeria has said it would, from October 1, begin implementation of the cashless policy of the Central Bank of Nigeria, which stipulates that banks should charge customers for every cash deposit and withdrawal exceeding N500,000 for individuals and N3 million for corporate organisations. The CBN directive on […]
Tag: Abuja
Nigeria’s Exchange Trains 627 Stockbrokers on NASDAQ X-Stream
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) Wednesday said it has trained 627 Stockbrokers on the NASDAQ X-Stream a new trading platform to replace the existing Horizon Trading engine as part of its trading technology transformation programme. The NSE said this in a Release by Dante Ibidapo […]
FMBN begins loan recovery from PMIs
The Federal Mortgage Bank of Nigeria is set to recover loans from its clients including Primary Mortgage Institutions in order to meet its obligations to its shareholders, the Chairman of the bank’s Board of Directors, Chief Bisi Ogunjobi, has said. Ogunjobi, who addressed journalists in Abuja on Friday shortly after […]
