Banking Sector Update: Bad loan rises further, hits N2.3trn
Against the backdrop of a challenging operating environment the banking sector performance update shows escalating bad loans as businesses that borrowed money struggle to survive.
Over N863b Subsidy: Senate Gives FG one week to meet with CBN, DMO, Stakeholders, Oil Marketers
ABUJA- THE Senate, Wednesday expressed its disappointment over Federal government’s inability to settle the outstanding subsidy payment that now stands at over N863 billion, with tendency to go beyond that if not paid.
CBN issues Code of Corporate Governance to BDCs
THE Central Bank of Nigeria, CBN, in a bid to further strengthen financial institutions and reposition them to perform their statutory roles, has issued a new Code of Corporate Governance for Bureau De Changes (BDCs) in the country.
$8.1bn MTN vs CBN repatriation: Court fixes hearing Dec. 4
A Federal High Court in Lagos has adjourned till Dec. 4, hearing in a dispute between MTN Nigeria and the Central Bank of Nigeria over alleged illegal repatriation of $8.1 billion by the telecoms company.
ABCON seeks CBN collaboration to enhance transparency in forex market
ASSOCIATION of Bureaux De Change Operators of Nigeria (ABCON) has called for the support of the Central Bank of Nigeria (CBN) to enhance the operations of its live exchange rate website in order to improve transparency and stability in the nation’s foreign exchange market.
Minister, CBN chief, Awosika for CFA Society’s conference
As Nigeria’s attractiveness to foreign investors continue to dip with consequent withdrawal of billions in foreign investment, the Chartered Financial Analyst (CFA) Society Nigeria has said plans are underway to host investment conference that will address some of the challenges that hinder ease of doing business in the country.
