Equities market rebounds, chalks 0.21%

  • By Tribune
  • 21. April 2015 04:11
  • 0
The Nigerian equities market showed some signs of rebound after gaining a marginal 0.21 per cent for the week ended April 17, 2015. The Nigerian Stock Exchange (NSE) weekly report showed that the NSE All-Share index increased slightly by 0.21 per cent to close at 35,005.05 basis points (bps). Also, ... [More]

Access Bank 2015 Q1 profit up by 18%

  • By Tribune
  • 21. April 2015 04:11
  • 0
Access Bank Plc has said that its 2015 first quarter (Q1) Profit After Tax (PAT) rose 18 per cent to N13.6 billion from N11.6 billion recorded the prior year of 2014. Similarly, pre-tax profit climbed up 23 per cent to N16.5 billion from N13.4 billion reported the corresponding period of 2014. Accor... [More]

Banks make huge gain from forex transactions

  • By Tribune
  • 21. April 2015 04:10
  • 0
Despite efforts by the Central Bank of Nigeria (CBN) to discourage the use of dollars in domestic transactions and speculative trading on foreign exchange (Forex), fresh facts have emerged that Deposit Money Banks (DMBs) are making huge gains from trading in forex, payment of visa application fees a... [More]

Expected N535bn bond maturity to improve liquidity level

  • By Tribune
  • 21. April 2015 04:10
  • 0
THE Money Market rates are expected to come low this week due to bond maturity of N535.0billion and T-bills of N169.4 billion expected to hit the system on Thursday. Dealers said this would be an improvement on the liquidity level which opened last week on a low note. Liquidity opening balance was a... [More]

BVN to boost retail credit —NIBSS boss

  • By Tribune
  • 21. April 2015 04:10
  • 0
By helping banks to identify and blacklist fraudulent customers, the Bank Verification Number (BVN) initiative will help to boost retail credit in the banking industry, the Managing Director of the Nigeria Interbank Settlement System (NIBSS), Mr Ade Shonubi, has said. The NIBSS boss, who is responsi... [More]

Banks make huge gain from forex transactions

  • By Tribune
  • 20. April 2015 04:10
  • 0
Despite efforts by the Central Bank of Nigeria (CBN) to discourage the use of dollars in domestic transactions and speculative trading on foreign exchange (Forex), fresh facts have emerged that Deposit Money Banks (DMBs) are making huge gains from trading in forex, payment of visa application fees a... [More]

Expected N535bn bond maturity to improve liquidity level

  • By Tribune
  • 20. April 2015 04:10
  • 0
THE Money Market rates are expected to come low this week due to bond maturity of N535.0billion and T-bills of N169.4 billion expected to hit the system on Thursday. Dealers said this would be an improvement on the liquidity level which opened last week on a low note. Liquidity opening balance was a... [More]

BVN to boost retail credit —NIBSS boss

  • By Tribune
  • 20. April 2015 04:10
  • 0
By helping banks to identify and blacklist fraudulent customers, the Bank Verification Number (BVN) initiative will help to boost retail credit in the banking industry, the Managing Director of the Nigeria Interbank Settlement System (NIBSS), Mr Ade Shonubi, has said. The NIBSS boss, who is responsi... [More]

Foreign investors fear another depreciation despite naira stability

  • By Tribune
  • 12. April 2015 23:31
  • 0
A herd of foreign investors have continued to express fear over the likelihood of another depreciation of the naira despite central bank’s measures that have helped steady the exchange rate. The naira has remained stable in the inter-bank market despite a steady decline in Nigeria’s Foreign Exchange... [More]

CBN to bar issuers of dud cheque from getting loan

  • By Tribune
  • 12. April 2015 23:31
  • 0
The Central Bank of Nigeria (CBN) warned that serial issuers of dud cheques will henceforth be prevented from accessing credit facilities from the banking system for a period of five (5) years. In a letter to all banks with reference number BSD/DIR/GEN/LAB/08/016 the apex bank said it has noted with... [More]

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