CBN orders banks to sell excess dollars in 24 hours

[ad_1] The Central Bank of Nigeria (CBN) on Wednesday,  Jan. 31, imposed limits on how much banks can hold in foreign currencies.   The apex bank expressed concern about the growth of forex exposures on their balance sheets following the naira’s tumble against the US dollar.   The Senate, on Wednesday, through its Committee on … Read more

CBN directs Benue banks to open from 8am to 2pm following bank robbery

[ad_1] The Central Bank of Nigeria, CBN, has asked banks in Benue state to open from 8 a.m. to 2 p.m. following a bank robbery in the state.  Recall that armed robbers attacked some banks in Otukpo town, Benue State, on Friday, October 20, 2023.  To forestall future attacks, the CBN had an emergency meeting … Read more

Collapsed banks: Prosecution of Directors not justification for BoG’s decision – Prof. Gatsi

[ad_1] John Gatsi is an Economics Professor with the University of Cape Coast Senior Lecturer at the University of Cape Coast, Professor John Gatsi, has said that the prosecution of the Director of defunct Capital Bank is not a justification for the collapse of the bank. Speaking on TV3’s Ghana Tonight, Professor Gatsi said it … Read more

Access Bank’s ‘W’ Initiative unveils 5th edition of the W Health Month Program to promote Women’s Health

[ad_1] In a bid to promote sound health among women, retail giant, Access Bank Plc via the ‘W’ Initiative is set to embark on the fifth edition of its annual women’s health month program in October 2023.    Access Bank recognizes the importance of women’s health and seeks to make a positive impact on the … Read more