Friday, October 22, 2021
MARKET UPDATE

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Tag "banks"

Reps panel threatens to stop six banks from customs duty collection over ‘poor remittances’

    Reps panel threatens to stop six banks from customs duty collection over ‘poor remittances’

A house of representatives panel has threatened to exclude six banks from collecting customs duties for the federal government over discrepancies in remittances.  At its sitting on Wednesday, the committee

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‘It’s reckless behaviour’ — police warn banks in Ogun over ‘false robbery threats’

    ‘It’s reckless behaviour’ — police warn banks in Ogun over ‘false robbery threats’

The Ogun police command has warned banks and others financial institutions in Ijebu-Ode and its environs that it would not tolerate any false robbery alarms in the state. In a

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Envoy ‘in talks’ with Chinese banks to establish operations in Nigeria

    Envoy ‘in talks’ with Chinese banks to establish operations in Nigeria

Cui Jianchun, Chinese ambassador to Nigeria, says there are ongoing talks with Chinese-owned banks to establish operations in Nigeria. Jianchum said the move would boost Nigeria’s economy and expand trade

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Osinbajo asks banks to finance housing, renewable energy projects

    Osinbajo asks banks to finance housing, renewable energy projects

Vice President Yemi Osinbajo has asked the banking sector to finance housing and renewable energy projects. The vice president described such projects as transformative, adding that they would significantly impact

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Emefiele: Nigeria’s 15trn infrastructure company will be unveiled in October

  Emefiele: Nigeria’s 15trn infrastructure company will be unveiled in October

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the Infrastructure Corporation of Nigeria (Infra-Co) will be unveiled

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Desist from forex malpractices or face suspension, CBN warns banks

The Central Bank of Nigeria (CBN) has warned that banks involved in any form of foreign exchange (FX) malpractice risk

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Report: CBN to inject more dollars in banks to increase FX supply

  Report: CBN to inject more dollars in banks to increase FX supply

The Central Bank of Nigeria (CBN) says it will pump more dollars to authorised banks on Friday to boost foreign

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CBN asks banks to strengthen operational capacity ahead of eNaira rollout

The Central Bank of Nigeria (CBN) has asked deposit money banks to strengthen their operational capacity to effectively harness the

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Don’t sell FX to customers not travelling abroad, EFCC warns banks

  Don’t sell FX to customers not travelling abroad, EFCC warns banks

The Economic and Financial Crimes Commission (EFCC) has warned banks against selling foreign exchange (FX) to customers with no intention

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Investigate your customers’ source of income, EFCC tells banks

  Investigate your customers’ source of income, EFCC tells banks

The Economic and Financial Crimes Commission (EFCC) has asked banks to investigate the source of income of their customers.  Abdulrasheed

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