Bank & Finance

ANALYSTS TASK FG ON 2012 BUDGET …FAULT FUEL SUBSIDY REMOVAL

Filed in Bank & Finance by on January 8, 2012 0 Comments
ANALYSTS TASK FG ON 2012 BUDGET …FAULT FUEL SUBSIDY REMOVAL

Analysts task FG on 2012 budget …fault fuel subsidy removal January 8, 2012 by Ifeanyi Onuba Finance analysts have said that except the country put in place mechanism that will enable Nigerians to have significant input into developmental projects in their communities, the country’s annual budget will continue to perform below expectation. The analysts, who […]

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CBN TASKS FINANCIAL INSTITUTIONS ON EXPANSION, CONTROL

Filed in Bank & Finance by on January 6, 2012 0 Comments
CBN TASKS FINANCIAL INSTITUTIONS ON EXPANSION, CONTROL

CBN tasks financial institutions on expansion, control Friday, 06 January 2012 THE Central Bank of Nigeria (CBN) has charged financial institutions to marry expansion with effective control. The CBN said this was necessary to prevent backfire effects such as loss of focus, inability to effectively bring network of branches under effective control and management. The […]

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‘CBN’S MONETARY POLICY SLOWED ECONOMY IN 2011’

Filed in Bank & Finance by on January 3, 2012 0 Comments
‘CBN’S MONETARY POLICY SLOWED ECONOMY IN 2011’

‘CBN’s monetary policy slowed economy in 2011’ January 3, 2012 by Okechukwu Nnodim The Central Bank of Nigeria’s fiscal tightening measures slowed the country’s economy by impacting negatively on the real sector last year, analysts have said. Economic and financial experts who spoke with our correspondent on Monday noted that the CBN must loosen its […]

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INTERBANK MARKET RECORDS N1.28TR OUTFLOW

Filed in Bank & Finance by on December 28, 2011 0 Comments
INTERBANK MARKET RECORDS N1.28TR OUTFLOW

Interbank Market Records N1.28tr Outflow By Obinna Chima The total amount of outflow in the Nigerian Interbank market in the month of November was N1.28 trillion, a report by the Financial Market Dealers Association (FMDA) has said. A breakdown of the FMDA Monthly Financial and Economic Report for November, posted on its website, showed that […]

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CASHLESS POLICY: FEAR OF JOB LOSS GRIPS BANKERS

Filed in Bank & Finance by on December 28, 2011 0 Comments
CASHLESS POLICY: FEAR OF JOB LOSS GRIPS BANKERS

Cashless policy: Fear of job loss grips bankers Written by Ademola Alawiye CBN Governor, Mallam Lamido Sanusi As the nation’s banking sector prepares for the new cashless economy set to begin in January 1, 2012, indications have emerged that workers in the sector will suffer job losses as the banks embrace cost-cutting measures, ADEMOLA ALAWIYE […]

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