Tag Archives: CBN

  Sterling Bank Completes Temenos IT Transformation Project …Rolls out Core Banking Solution across 185 branches Software specialist for banking and finance, Temenos (SIX: TEMN), has announced that Sterling Bank Plc, has successfully gone live with Temenos UniversalSuite, just as it   simultaneously rolls out Temenos Core Banking Solution across 185 branches. The Geneva based software specialist in a statement made available …

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Manufacturers lost N500bn to CBN’s forex policy – MAN The Manufacturers Association of Nigeria on Thursday said Central Bank of Nigeria’s flexible exchange rate policy had culminated to N500bn loss for manufacturers. According to agency report, the Chairman, MAN, Apapa Branch, Mr. Babatunde Odunayo, made the assertion during the branch’s 45th Annual General Meeting in Lagos. He said that Letters of …

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NDIC Decry Okereke Onyuike’s merger call with AMCON FRIDAY EKEOBA The management of Nigerian Deposit Insurance Corporation (NDIC) has decried the merger call by the erstwhile Director General of the Nigerian Stock Exchange (NSE), Prof Ndi Okereke-Onyuike. The NDIC said the organisation mandate and scope of operations are far beyond such narrow scope as was ignorantly painted by Okereke Onyuike, …

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Senate Set To Strengthen AMCON’s Debt Recovery Drive The Chairman of Senate Committee on Banking, Insurance and other Financial Institutions, Senator Rafiu Ibrahim yesterday in Uyo hinted that the time would soon run out on recalcitrant obligors of Asset Management Corporation of Nigeria (AMCON), given the renewed commitment of the Senate to build strategic collaborations that would develop greater capacity …

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EDC Fund Management launches Mutual Funds  EDC Fund Management , the Asset Management arm of Ecobank in Nigeria has announced the launch of two mutual funds –  The EDC Nigeria Money Market Fund, and the EDC Nigeria Fixed Income Fund. The mutual funds gives customers of the Corporation and other interested Nigerians the opportunity to diversify their investment portfolio with as …

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NSE ETFs assets hit N4.26bn in five years– Onyema The Nigerian Stock Exchange on Monday said the Assets Under Management of the eight listed Exchange Traded Fund stood at N4.26bn as at September, 2016. The NSE Chief Executive Officer, Mr. Oscar Onyema, spoke at the ETF 2016 workshop organised by the bourse in partnership with Stanbic IBTC Asset Management, Lotus …

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