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Diamond Bank appoints Babade acting chairman

Diamond Bank appoints Babade acting chairman

Diamond Bank has announced the appointment of Mr. Dele Babade as its acting chairman. In a notice sent to the Nigerian Stock Exchange (NSE), the bank said Babade would replace Oluseyi Bickersteth, its erstwhile chairman who resigned in October. “We write to formally notify the Exchange that following the resignation of Oluseyi Bickersteth as Director/ […]
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CBN, MTN resolve forex repatriation row after $53m payment

CBN, MTN resolve forex repatriation row after $53m payment

The CBN in August 2018 directed MTN to reverse repatriations valued at $8.1 billion done on its behalf by four commercial banks between 2007 and 2015″ Omodele Adigun, with agency report MTN Group has finally resolved the dispute on foreign exchange importation with the Central Bank of Nigeria (CBN) and made a $53 million payment, […]
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$8.1bn repatriation: CBN, MTN agree to settle out of court

$8.1bn repatriation: CBN, MTN agree to settle out of court

MTN had filed a suit seeking an injunction to restrain CBN and AGF from taking further actions to reclaim the alleged debts. Omodele Adigun (with agency report) A senior Advocate of Nigeria (SAN) and counsel to MTN, Mr. Wole Olanipekun, Tuesday, said his client has decided to pursue an out-of-court settlement with the Central Bank […]
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Forex: CBN injects $210m in wholesale segment, others

Forex: CBN injects $210m in wholesale segment, others

The Central Bank of Nigeria (CBN) on Tuesday intervened in the wholesale segment of the foreign exchange market, offering the sum of $100 million to dealers in that window. In the latest round of intervention, the CBN also made interventions of $55 million each in the Small and Medium Enterprises (SMEs) and Invisibles segments to […]
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Women are better borrowers, says CBN  

600 Nigerians On Death Row in Asia

The Central Bank of Nigeria has urged more women to approach the banks for small and medium scale loans because they will repay such grants better than their male counterparts. Its Director of Corporate Communications, Mr Isaac Okorafor, said this during an event by the bank at the Lagos International Trade Fair in Lagos on […]
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ALERT: You may be arrested, jailed for spraying naira notes at parties

ALERT: You may be arrested, jailed for spraying naira notes at parties

The Central Bank of Nigeria (CBN) and commercial banks have resolved to introduce mobile courts to arrest currency hawkers and people who spray at parties. Hamda Ambah, managing director, FSDH The post ALERT: You may be arrested, jailed for spraying naira notes at parties appeared first on TheCable.

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