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Money Market

Ecobank Named “Best Retail Bank In Nigeria 2020” 

        Ecobank Nigeria has been named the Best Retail Bank in Nigeria by Asian Banker. This was announced at  its Middle East and Africa Regional...

Fidelity Bank posts N161.1 billion gross earnings in the third-quarter

    Fidelity Bank Plc has posted N161.1 billion gross earnings in the third-quarter results. Details of the results show improvements in key indices with Profit...

CBN releases guidelines for N75 billion NYIF

    The Nigerian  Central Bank, CBN, has released guidelines for implementation of the proposed N75 billion Nigeria Youth Investment Fund, NYIF. The apex bank in a...

CBN’s sledge hammer descends on banks again

      ……Debits banks N917.5 billion on CRR   The Central Bank has again debited Nigerian banks N917.5 billion last week in its latest CRR action. As a result...

NDIC Hosts International Virtual Conference

    The Nigeria Deposit Insurance Corporation, NDIC,  has taken the front seat in the international finance community to drive public discourse on the impact, risks,...

World Bank predicts minimal harsh recession for Nigeria

    The International Monetary Fund (IMF) has revised its 2020 gross domestic growth projections for the Nigerian economy. In its October World Economic Outlook report released...

CBN directs Banks to adhere to Swift universal payment confirmation

  The Central Bank of Nigeria, CBN, has directed all banks operating in the country to always observe strict compliance with SWIFT Universal Confirmation Requirements. The...

CBN warns against fruadulent loan, investment schemes.

    The Central Bank of Nigeria (CBN) has warned Nigerians to be wary of fraudulent messages circulating on the social media requesting unsuspecting loan seekers...

Customer Service Week 2020: FCMB Celebrates the Spirit of Team work, Commits to Excellent Service

    First City Monument Bank (FCMB) has restated its commitment to provide the very best of service delivery and value-added offerings that will consistently enhance...

Banks customers to get new cheque book next year

    Customers of Nigerian Banks will be issued new cheque books come January 2021. This is coming as the commercial banks in Nigeria plan to introduce...