Category: Money Market

Sterling Bank state reasons it investing in Capacity Building Initiatives • Unveils retirement plan and training for staff The Executive Director, Finance & Strategy, Sterling Bank Plc, Abubakar Suleiman, has advised banks in the country to invest more in capacity building initiatives for staff in the industry to compete favorably with their peers in both…

  Professor Yemi Osinbajo, Vice President of Nigeria The Vice President, Yemi Osinbajo, on Saturday reaffirmed the position of the Federal Government that the country’s currency would not be devalued in spite of pressures to act otherwise. But the former Central Bank of Nigeria (CBN) Governor, Joseph Sanusi, replied that delaying the devaluation was akin…

\ Attempts by the Central Bank of Nigeria (CBN) to stabilise the Naira may have started yielding positive results, as the “first test-run” of the measures has hit the speculators. The Guardian reported yesterday that sources at the apex bank said that the deployment of a number of measures by the institution had proved that turning…

In a strategic move at sustaining the recent appreciation of the local currency, naira, the Central Bank of Nigeria (CBN) has decided to target the parallel market and ensure that the margin between the market and official rate does not exceed N3.00, The naira which yesterday traded at N330 to dollar in the parallel market…

•From left: Mrs Tolulope Opayinka, Managing Director, GTI Microfinance Bank Ltd; Mr. Babatunde Kayode of Koboil Filling Station, Oshodi; Osita Jimbers of Joimtec Nigeria Ltd and Nkem Melaugha, assistant account officer, GTI Microfinance Bank Ltd, at the bank’s customer forum in Lagos. •Rewards customers GTI Microfinance Bank has advised business owners and individuals to cultivate…

CBN Governor, Godwin Emefiele The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday reiterated the bank’s commitment towards making the Development Finance Institutions (DFIs) in the country more pro-active and better equipped to support the present administration’s economic growth agenda. He said there was need for a paradigm shift in the…