Money

THE evolving trends in the economy of the global community may have exerted enormous influence on the policy decisions of the nation’s apex bank.   Specifically, beside the challenges of the free falling crude oil prices, which at present, have sustained over 50 per cent decline in the last six months, activities in individual economies…

WITH the launch of SecureCard Manufacturing Plant by smartcard supply and personalization firm- SecureID Limited, one its major financier, FirstBank Nigeria, said it is optimistic that the new and first polycarbonate plant in Africa would boost backward integration of the smartcard manufacturing process.     The ultra-modern plant, which focuses on polycarbonate card body production and…

MAJOR acquisitions by local players in the nation’s financial industry set 2014 apart in recent years. For one thing, indigenous banks showed their capabilities and eventually succeeded in making a strong statement at the end, with one set to go in the second quarter of this year. Beside acquisitions, integration of the acquired entities with…

THE nation’s financial system sustained its wide margins between interest rates on deposit and lending all through the months of January and October 2014.   The Economic Report of the Central Bank of Nigeria for the month of October 2014, though indicated mixed developments in banks rates, but the wider margins remained a constant feature…