First Bank Nigeria Limited Thursday advised its customers to disregard emails from online scammers who are in the habit of requesting them to send their internet banking details. The bank also urged its customers not to respond to request by the fraudsters that they should provide sensitive information on their […]
Tag: Nigeria
Severe Sanction Awaits Defaulting Banks on 50% CRR
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Thursday announced that severe sanctions awaits defaulting banks on the newly introduced 50 percent (50%) cash reserve requirement (CRR) on all public funds deposits in the banks. This is contained in a circular with reference number BSD/DIR/GEN/LAB/06/034 dated July […]
Nestle Nigeria Reports 13.5% Growth in Q2 Profit
By InvestAdvocate Lagos (INVESTADVOCATE)-Food and Beverage giant Nestle Nigeria Plc, Thursday reported a 13.5 percent (13.5%) post-tax profit for its second quarter result for the period ended June 30 2013, according to the Nigerian Stock Exchange (NSE). To record the 13.5% growth in post-tax profit, the company announced N11.171 billion […]
