CBN to Nigerians: Handle Naira with dignity
KANO — The Central Bank of Nigeria, CBN, has urged Nigerians, particularly traders, to handle the naira with care, pride and dignity to prolong the lifespan of banknotes and reduce the cost of replacing soiled and mutilated currency. The Director, Currency Operations and Branch Management, Dr Adedeji Adetona, gave the advice on Monday during a […]
‘The risk-focused banking supervision option’
Regulators in the banking industry have been advised to embrace risk-focused banking supervision technique as a new tool to deal effectively with the new challenges posed by globalisation and liberalisation in the financial system to ensure efficiency in banking supervision.
FG approves single window goods clearing system
The Federal Government has announced the approval of the Single Window system of clearing goods at the nation’s ports in order to facilitate international trade and investments.
Liquidated DMBs, MFBs: NDIC commences inspection of agent banks
The Nigeria Deposit Insurance Corporation (NDIC) said it has begun on site visitation to select agent banks to ascertain their level of compliance with processes of ensuring prompt payment to depositors of liquidated Deposit Money Banks (DMBs) and MicroFinance Banks (MFBs).
Partnership Investment shareholders okay N144.5m dividend
…Records 21% earnings growth
Shareholders of Partnership Investment Company Plc have endorsed the N144.5 million dividend payout proposed by its Board of Directors for the financial year ended December 31, 2011.
ANLCA urges FG to appoint commercial regulator for concessionaires
Chairman of the Association of Nigeria Licensed Customs Agent (ANLCA), Mr John Ofobike has asked the Federal Government to appoint a commercial regulator to oversee the operations of concessionaires in the maritime sector. The chairman said this in Lagos.
