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CBN sells $195m ahead of MPC decisions

July 25, 2017/Punch Oyetunji Abioye Ahead of the decisions of the Monetary Policy Committee on Tuesday, the Central Bank of Nigeria on Monday boosted liquidity in various segments of the… Read more »

CBN returns N51.9bn illegal deductions to bank customers

July 25, 2017/Punch Chukwudi Akasike The Central Bank of Nigeria has said that it has recovered over N51.9bn illegally deducted by commercial banks and returned it to the customers. The… Read more »

Indonesia Eximbank, NEXIM Bank signs MoU to enhance bilateral cooperation

July 24, 2017/NEXIM Bank The Indonesia Eximbank has signed an Memorandum of Understanding (MoU) with the Nigerian Export-Import Bank (NEXIM Bank) expressing  intentions to enhance cooperation and forge stronger relationships… Read more »

Sterling Bank, Olamide Baddo excite with Skate and Clean flash mob

July 24, 2017/Sterling Bank Plc After a dreary weekend marred by flash floods, the resilient city of Lagos has gotten its groove back. Thanks to a colourful flash mob of… Read more »

No Change Expected in Monetary Policy

Culled—Proshare July 24, 2017/FBNQuest Research The monetary policy committee (MPC) opens its latest meeting in Abuja today, and is due to announce its decisions tomorrow afternoon. We again see no… Read more »

NAFEX and Parallel Market Rates in the outgone week

July 24, 2017/InvestmentOne Research Below the NGN/USD NAFEX opening and closing rates and the closing NGN/USD rate at the parallel market in the outgone week. 17-Jul-17 18-Jul-17 19-Jul-17 20-Jul-17 21-Jul-17… Read more »

Cash crunch hits banks as CBN mops up naira

July 24, 2017/Punch A severe cash crunch has hit the economy with serious effects on households, firms and banks as the Central Bank of Nigeria continues to mop up naira… Read more »

FirstBank Says has no hidden TSA funds in its books

July 22, 2017/First Bank of Nigeria Ltd FirstBank wishes to categorically state that it does not hold any funds due NPDC and NNPC that are TSA eligible as carried in… Read more »

Skye Bank Plc Denies Concealing TSA Funds

Culled—Proshare July 21, 2017/Skye Bank Skye Bank Plc issued this release: “Our attention has been drawn to media reports of a ruling of the Federal High Court in Lagos yesterday… Read more »

UBA Says Do not Owe Government Money

July 21, 2017/UBA Plc Our attention has been drawn to the order of the Federal High Court in Lagos directing that seven (7) commercial banks, including UBA Plc, temporarily remit… Read more »