CBN drains N568b from banking system
Up to N568 billion may have been withdrawn from the financial system by the Central Bank of Nigeria (CBN) to boost cash reserves banks...
Oil price fall, naira devaluation, and challenge of savings
Hard times are here! The living standard of Nigerians will no longer be the same as long as the drop in government’s oil revenue...
AMCON completes Enterprise Bank’s sale at N56.1b
The Asset Management Corporation of Nigeria (AMCON) has announced the completion of the sale of the entire issued and fully paid up ordinary shares...
CBN announces naira devaluation
The Central Bank of Nigeria (CBN) on Tuesday in Abuja announced devaluation of naira by N13 as part of measures the bank said were...
Experts blame holes in justice system for N4.810b e-fraud
Experts have identified improvement in payment system laws, digital forensics, creation of an industry wide forensics laboratory, and capacity building as tools to achieve...
Sterling Bank sketches 5-year strategy for top six slot
Sterling Bank has set a five-year plan to grow into a Tier-1 lender, or at least be among the top six in the country.
“Our...
Naira depreciation defies CBN defence measures
Pressure from investment outflow and huge demand for the dollar have combined to worsen the depreciating value of the naira, leaving it tumbling to...
How Mainstreet acquisition will impact Skye Bank
Skye Bank is the preferred bidder for Mainstreet Bank, after rigorous bidding involving 20 others, in a process that spanned five months.
Skye Bank had...
Improving savings culture by adjusting mental, financial psyche
You probably have worked more than a decade without savings because your income trickles in and saunters out; a typical case of living hand-to-mouth....
Pension Reform Act and your retirement savings account
There are five highlights of the Pension Reform Act signed into law July 1, 2014. It repeals the Pension Reform Act 2004.
The new Act...
