Category: Money Market

CIBN grows IGI by 40.93 Per cent to close at N910.76m from N646.24m in 2016

The Chartered Institute of Bankers of Nigeria (CIBN), President/Chairman of Council, and Professor Segun Ajibola in his welcome address said that the Institute’s financial performance in the year 2017 reflects a healthy financial position with the institute posting better results than the preceding year.  This affirms that the polices formulated and implemented to ensure that…

Zenith Bank, Access Bank, UBA Accounts for 543.758m Shares; Contributing 30.81% to total equity turnover volume

The management of the Nigerian Stock Exchange (The NSE) for the weekend on Friday, April 6, 2018 published the trading data showed the Top Three Equities namely – Zenith International Bank Plc, Access Bank Plc and United Bank for Africa Plc by volume, accounted for 543.758 million shares worth N9.739 billion in 3,533 deals, representing…

MPC wants reduced allocations to FG, states, LGs

The Monetary Policy Committee of the Central Bank of Nigeria on Wednesday expressed concern over the increase in allocations to the three tiers of government, stating that there was a need for strong stabilisation programmes to freeze the growth in aggregate expenditure. The CBN Governor, Godwin Emefiele, said the committee called on the Federation Account…

FCMB manager, three other bank staff docked for alleged fraud

The Enugu Zonal office of the Economic and Financial Crimes Commission, EFCC, on Tuesday arraigned one Nwachukwu Placidus, a former manager of First City Monument Bank Ltd, Onitsha Branch and three former bank workers with Idemili Micro Finance Bank Ltd, Nnewi namely; Ohaegbunam Chinyere,Egbosi Chiemenam and Nkeiru Okeke before Justice Ike Agu of the Anambra…