Archives for MONEY MARKET - Page 154
Sanwo-Olu Commissions UBA Business Office at New Ultra-Modern Afriland Towers
Chairperson of Avon Healthcare Limited, Dr. Awele Elumelu; Group Chairman, United Bank for Africa(UBA) Plc and Founder, Tony Elumelu Foundation, Mr. Tony Elumelu; and Governor of Lagos State, Mr Babajide…
Obiora Assumes Duty As New CBN DG
Obiora By Ngozi Onyeakusi -- Dr. Kingsley Isitua Obiora has formally assumed office as Deputy Governor of the Central Bank of Nigeria (CBN), replacing Dr. Okwu Joseph Nnanna, who exited…
IMF, World Bank pledge to help countries to combat
The IMF and World Bank have pledged their support and assistance for countries to deal with the financial and health effects of the coronavirus, suggesting that a global response could…
Access Bank named among top 500 global banking brands
Wigwe By Ngozi Onyeakusi-- Nigeria’s largest retail Bank, Access Bank Plc., has been named as one of the top 500 global banking brands, according to leading business valuation and strategy…
DEFUNCT GULF BANK: NDIC WINS N1.4BN DEBT RECOVERY CASE AGAINST DEBTOR
Umaru In its capacity as official liquidator, the Nigeria Deposit Insurance Corporation (NDIC) has secured a judgment against Jolimair Nigeria Limited and three other debtors who owed the defunct Gulf…
AMCON Takes Over Top Politician, Buba Galadima’s Private Abuja Residence, Company
By Ngozi Onyeakusi-- A Federal High Court sitting in Abuja, Nigeria’s Federal Capital Territory in Suits No. FHC/ABJ/CS/1136/2019 has ordered Asset Management Corporation of Nigeria (AMCON) to take over the…
CBN Clarifies Operation of Domiciliary Accounts
By Ngozi Onyeakusi-- The Central Bank of Nigeria (CBN) has formally clarified issues surrounding the operations of domiciliary accounts in Nigeria. Making the clarification in a chat with newsmen in…
NDIC liquidates 425 banks, others
By Ngozi Onyeakusi -- The Nigeria Deposit Insurance Corporation, NDIC, has disclosed that it has as at December 2019, it had liquidated 425 financial institutions. The Liquidation took place between…
Forex Intervention: CBN injects $292.34m, CNY 22.8m into Retail SMIS
By Ngozi Onyeakusi-- The Central Bank of Nigeria (CBN) on Friday, February 21, 2020, continued its intervention in the inter-bank foreign exchange market by injecting the sum of $ into…
Zenith Bank’s PAT Soars To N208.8 bn
By Ngozi Onyeakusi-- In a clear show of its resilience and market leadership, Zenith Bank has announced an impressive result for the year ended December 31, 2019, with profit after…