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Have Bandit Bankers Struck Again? By Dele Sobowale

August 8, 2016 Omoniyi Osadare 0

“Banka’ toxic assets may hit N3.0 trillion”. Emeka Anaeto, Economy Editor, VAGUARD, July 17, 2016. When George Santayana, 1863-1952, warned that “Those who do not remember the past [mistakes] are condemned to repeat it” (VANGUARD […]

Banking

Banks Mandated To Accept Dividend Warrant Deposited Into Savings Account- SEC By Peter Egwuatu

August 5, 2016 Omoniyi Osadare 0

The Securities and Exchange Commission, SEC, yesterday stated that banks are now mandated to accept dividend warrants into the savings account of investors and as well get them enrolled free of charge in the e-Dividend […]

Banking

2016 Hajj: Sell Dollars To Pilgrims @ N197, CBN Authorises Banks | Vanguard

August 5, 2016 Omoniyi Osadare 5

The Central Bank of Nigeria, CBN, on Thursday, directed banks and authorised forex dealers to sell the Pilgrims Travelling Allowance, PTA, to intending pilgrims at a concessionary exchange rate of N197 to $1. In a […]

Banking

CBN Directs Banks To Accept Cheques In Savings Account

August 3, 2016 Omoniyi Osadare 0

LAGOS—The Central Bank of Nigeria, CBN, yesterday, directed banks operating in the country to accept deposit of cheques into savings account and to begin to embed Bank Verification Number, BVN in payment cards. The CBN, […]

Banking

CBN Begins Enforcement of Dollar Sales To BDCs | TheNation

August 1, 2016 Omoniyi Osadare 0

To increase the volume of dollar in the market and stabilise the naira, the Central Bank of Nigeria (CBN) may compel banks to sell foreign currency proceeds of international money transfers to Bureaux De Change […]

Banking

BDCs: Has The Leopard Changed It’s Spots? By Henry Boyo

August 1, 2016 Omoniyi Osadare 0

In January 2016, the Central Bank of Nigeria announced that it had stopped, with immediate effect, the sale of foreign exchange to Bureau de Change operators, so as to reduce pressure on Nigeria’s foreign reserves. […]

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Banking

Bank of England Secretly Controls World’s Money Supply

July 24, 2016 Omoniyi Osadare 0

It is believed that the Bank of England is in charge of world’s money supply. It appears that the history of this institution could reveal its secret. Well before the conflict for establishing a National […]

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Banking

HAPPENING NOW: Skye Bank The Best Performing Share At NSE | TheCable

July 19, 2016 Omoniyi Osadare 0

Skye Bank continued its resurgence for the second day running as the share stood as the best performer on the Nigerian Stock Exchange (NSE) on Tuesday morning. The share price gained over nine percent to […]

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Banking

CBN Okays No Deposit For New Accounts | TheNation

July 18, 2016 Omoniyi Osadare 0

Customers are free to open accounts without deposits, the Central Bank of Nigeria (CBN) has said. The directive is contained in the Monetary, Credit, Foreign Trade and Exchange Guidelines for Fiscal Years 2016/2017 guidelines posted […]

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Banking

Why Nigeria Is Reeling Under Cash Crunch, By Budget Minister Udoma

July 15, 2016 Omoniyi Osadare 0

BIG cash crunch has hit Nigeria – no thanks to poor returns from oil and the inability of revenue agencies to meet their targets. The implementation of the budget has taken a hit, Budget Minister […]

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Banking

Skye Bank Boss Abiru Assures Customers Of Funds Safety

July 6, 2016 Omoniyi Osadare 0

There is no need to panic, Skye Bank Plc customers were yesterday assured following the changes in the bank. The new Group Managing Director/Chief Executive Officer, Tokunbo Abiru, affirmed the Central Bank of Nigeria’s (CBN’s) […]

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Banking

Skye Bank CEO Resigns Ahead of CBN’s Sack Of Top Management Staff | TheCable

July 4, 2016 Omoniyi Osadare 0

Timothy Oguntayo, chief executive officer (CEO) of Skye Bank, has resigned from the bank, following the decision of the Central Bank of Nigeria (CBN) to fire the top management of the bank and dissolve existing […]

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Banking

Jimoh Ibrahim, UBA disagree over N120bn aviation fund …… PUNCH

June 23, 2016 Omoniyi Osadare 0

There was a mild drama at the investigative public hearing on the alleged mismanagement of the N120bn Aviation Intervention Fund organised by the Senate Committee on Aviation on Wednesday when the Chairman of the defunct […]

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Banking

Video: Henry Boyo Speaks On The Impacts Of Naira Devaluation Pt. 1

June 22, 2016 Omoniyi Osadare 0

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Banking

FirstBank, Zenith, UBA, GTB Okay As FX Dealers

June 17, 2016 Omoniyi Osadare 0

LAGOS — As banks begin to settle into the dynamics of the flexible foreign exchange regime, which will take effect from Monday, the Central Bank of Nigeria, CBN, is set to name the lead players […]

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Banking

Report: CBN ‘Optimistic’ Naira Will Settle At 250/$1 | TheCable

June 17, 2016 Omoniyi Osadare 0

The Central Bank of Nigeria (CBN) is “reasonably optimistic” the naira will settle at around 250 to the US dollar, Reuters reports. However, the bank projects that there will be an initial period of weakness […]

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Banking

THE DOCUMENT: CBN’s Guidelines For New Forex Policy |TheCable

June 16, 2016 Omoniyi Osadare 1

The Central Bank of Nigeria (CBN) has finally released the guidelines of the new foreign exchange policy earlier announced on Wednesday. Godwin Emefiele, the CBN governor, announced the new policy on Wednesday, releasing the naira […]

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Banking

New Forex Regime To Kick Off At N260/$1 | TheCable

June 16, 2016 Omoniyi Osadare 0

The Central Bank of Nigeria (CBN) is suggesting that the new band for the naira, pending the direction of market forces, will be between 260 and 270 to the dollar. Godwin Emefiele, the CBN governor, […]

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Banking

Breaking: Finally, CBN Floats The Naira By Emma Ujah

June 16, 2016 Omoniyi Osadare 0

The Central Bank of Nigeria (CBN) Wednesday announced what it termed the “automatic adjustment mechanism of the exchange rate” in a flexible foreign exchange regime aimed at reducing the pressure on the Naira. CBN has […]

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Banking

13 Things To Know About Nigeria’s New Forex Policy | PremiumTimes

June 16, 2016 Omoniyi Osadare 0

The Central Bank of Nigeria, CBN, on Wednesday formally unveiled the much-awaited flexible foreign exchange policy that would allow the foreign exchange interbank trading window to be driven purely by market forces. The new policy […]

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