BUSINESS
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Banks Clarify Forex Sanction Reports as CBN Re-Admits UBA into Market
Some banks on Wednesday clarified their positions on the suspension from the foreign exchange market transaction by the Central Bank of…
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Banks’ Electronic Transactions Hit N33.8trillion in Q2 2016
The National Bureau of Statistics, NBS, has revealed that the banking sector transacted a total of about N33.8 trillion through…
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See List of Banks barred by CBN from foreign exchange transactions
The Central Bank of Nigeria (CBN) has banned nine banks from the foreign exchange market. The banks were barred for…
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CBN to sanction banks carrying out illegal forex transactions
Banks were yesterday hit with allegations of round tripping. Acting Director, Trade & Exchange, W.D. Gotring, in a circular to…
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Banks to sell over 1,000 debtors’ properties due to N649bn bad loans
Deposit Money Banks have put up for sale over 1,000 properties belonging to several customers, who were unable to service…
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Emefiele emerges President of African Central Banks
The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has been elected as the President of the…
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“Kerosene will soon be accessible, cheaper”- IPMAN
Mr Chinedu Okoronkwo, the National President, Independent Petroleum Marketers Association of Nigeria (IPMAN), has assured that kerosene will soon be…
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Samsung earns highest profit for 2 years thanks to strong Galaxy S7 sales
The Korean tech giant reported a 8.14 trillion won ($7.22 billion) operating profit on revenue of 50.94 trillion won ($45.2 billion). That profit figure is…
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ALCATEL EMBARKS ON PRODUCTS ROADSHOW ACROSS NIGERIA
Alcatel has hit the road for its 2016 roadshow across Nigeria. The brand will be visiting ICT markets, shopping complexes…
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Banks deploy N1.2trn to govt securities as pressure on exchange rate resumes
Money market activities closed, weekend, with a record N1.2 trillion over subscription to the Nigerian Treasury Bills, NTB, indicating that…
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