Money

Sulaiman Adedokun is the Deputy Group Managing Director of Meristem Securities. He holds degrees both in Accounting and Banking and Finance.

As part of efforts to combat financial crime and money laundry, the Central Bank of Nigeria has charged bank directors to devise effective ways to tackle the assessed high-level frauds bedevilling the industry.

The International Federation of Accountants (IFAC) and the Association of National Accountants of Nigeria (ANAN), has commended the country’s reforms in the public sector financial reporting.

Union Bank of Nigeria has unveiled two of its upgraded branches in Ibadan, the Oyo State capital, as part of efforts to make banking “simpler and smarter” for its teeming customers, under the refreshed brand identity.

After a poor show in the global budget survey- the Open Budget Index, a ranking of budget processes measured by transparency, inclusiveness and implementation, from 2012 to September 2015

Red Star Express Plc said early passage of national budget would help operators in the real sector to put in-house measures in place for financial year operations, as well contribute meaningfully to the economic growth.

The Nigeria Electronic Fraud Forum (NeFF) said it will sustain its fight against electronic fraud (e-fraud) in the country in 2016, by increasing collaborations and knowledge sharing among members.

STANBIC IBTC Bank Plc, has lunched the National Cash Register (NCR), Interactive Teller Machine (ITM), an innovative product that will allow customers perform full banking activities 24 hours of the day.

ONE of Nigeria’s foreign exchange (forex) challenges, culminating in speculative attacks, wholesale round tripping and fallen value of the local currency, is the high level demand for foreign legal tenders.

A CALL has been made to the Governor of the Central Bank of Nigeria (CBN), to implement and audit its directive to all banks on reduction of Commission on Turnover (COT), as the charges are currently crippling Small and Medium Enterprises (SMEs).

Transfast has geared up the world of online remittances in Africa by partnering with major Nigerian banks such as First Bank, Ecobank, and Heritage Bank. It aims to ensure that Nigerian customers are able to easily receive financial assistance when necessary from their friends and families in the diaspora. Transfast’s Global Marketing Director, Jay Vix,…

The month of September marked the end of third quarter operations and a period of trickling statement of accounts, especially the banking industry. For many, the year has been characterized by headwinds and shocks in the operating environment.