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Governor Of Ghana’s Central Bank Resigns

Governor Of Ghana’s Central Bank Resigns

The Governor of Ghana’s Central Bank, Abdul-Nashiru Issahaku has resigned, sources who asked to be anonymous have revealed. According to sources within the central bank, the governor who officially started his four-year term around September last year tendered his resignation on Wednesday citing personal reasons. Although the governors of the central bank have been insulated […]

CBN To Ban Unauthorised FX Dealers

CBN To Ban Unauthorised FX Dealers

The Central Bank of Nigeria (CBN) has threatened to bar authorised dealers in foreign exchange (forex) who fail to comply with its new directive on foreign exchange transactions. According to a circular released over the weekend and signed by Dr. Alvan E Ikoku, Director, Financial Markets Department to all authorised dealers, the apex bank ordered […]

Transcorp MD Predicts Stock Market Rebound

Mr Emmanuel Nnorom, the Chief Executive of Transcorp, says the capital market will soon rebound with the current positive developments in the foreign exchange market. Nnorom said on Monday in Lagos that the capital market would soon overcome the current lull with foreign exchange rate stability and improvement in various sectors of the economy. He […]

Foreign Investors Not Keen Despite CBN New Forex Policy

Foreign Investors Not Keen Despite CBN New Forex Policy

While the nation ’ s forex market has seen increased liquidity in recent days on the back of the Central Bank of Nigeria ’ s new policy action, foreign investors are not keen on bringing back capital into the country. Industry experts, including the Chief Executive Officer , Financial Derivatives Company Limited , Bismarck Rewane […]

Guaranty Trust Bank Extends ICS Banks Core System Roll- Out To Tanzania

Guaranty Trust Bank Extends ICS Banks Core System Roll- Out To Tanzania

Guaranty Trust Bank (GTBank), a Nigeria-based bank operating across multiple countries in Africa, has extended the roll-out of its core banking system, ICS Banks, to Tanzania. The solution is supplied by ICS Financial Systems (ICSFS). Banking Technology understands this is the second core banking software project for ICSFS in Tanzania, following an earlier deal with […]

UBA Customers Condemn Non-Functioning Mobile App

UBA Customers Condemn Non-Functioning Mobile App

Odekuma Faith: UBA Pls change!  The rate at which money is being deducted from my account is too much. Tired of banking with UBA UBA Group: Hello, we apologize. Kindly inbox your mobile number, account number, date of birth  and  email address to enable us assist. Thank you. Enebi Sarah: UBA mobile app is either […]

Customers Complain Over Failed PoS – Zenith Bank

Customers Complain Over Failed PoS – Zenith Bank

Lawal Abimbola Idris: Too bad from you, I used your ATM in Festac on 29th of January but no amount was dispensed but I was debited for the sum of N20, 000 from my account. When I got to the branch in Festac I was told my details have been sent to head office. Till […]

Heritage Bank Promotes Reading Culture In Schools

Heritage Bank Promotes Reading Culture In Schools

Heritage Bank Plc joined in celebrating the “World Book Day” by means of implementing one of its literacy initiatives and donation of books to schools. The bank has decided to lend its support to the biggest celebration of its kind, designated by UNESCO as a worldwide celebration of books and reading in its 20th year, and marked […]

CBN Sells N310b Treasury Bills

CBN Sells N310b Treasury Bills

The Central Bank of Nigeria (CBN) has raised N310.14 billion (about $985 million) at an auction of treasury bills at yields lower than the inflation rate The bank sold N222 billion of one-year treasury bills at a yield of 18.49 per cent, lower than inflation at 18.72 per cent and compared with 18.44 per cent […]

BDCs Demand $30,000 Weekly Allocation

BDCs Demand $30,000 Weekly Allocation

Bureaux De Change (BDC) operators yesterday called on the Central Bank of Nigeria (CBN) to review their $8,000 weekly allocations upwards to $30,000 as dollar liquidity in the economy continues to improve.   The operators also urged the apex bank to harmonise the rate at which the dollars are sold to BDCs with the rates […]

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