Tag Banks

CBN settles additional FX forwards with banks

In fulfilment of its commitment to eliminate the backlog of pending matured foreign exchange in Deposit Money Banks (DMBs), the Central Bank of Nigeria (CBN) has recently disbursed approximately US $61.64 million to foreign airlines through various banks. This initiative…

BDAN laments huge operating expense of Banks

The Bank Directors Association of Nigeria (BDAN) have lamented the huge operating expense of Banks occasioned by multiple levies from regulators. The BDAN Chairman, Mr. Mustapha Chike-Obi speaking at year’s Bank Directors Association annual conference had the theme, “Emerging Issues:…