Bank report on rural operator
Twenty-eight out of the thirty-three commercial banks operating in the country as at July 1987 reported to the Central Bank on their…
Browsing: Finance
PRE-SFEM SETTLEMENT RATE BURDEN: Bank rush to meet deadline
Banks operating in the country are working frantically to met the January 18 deadline given to them by the monetary authorities to…
N135.6m realised from pre-shipment inspection
Nigeria realised a total of N135.6 million from two of the three pre-shipment inspection agencies between April and June 1987. According to…
Nigeria and foreign creditors fail Sept debt talk
Nigeria and her foreign creditors have failed to beat the September deadline for the rounding doff the debt talks on the outstanding…
Nigerian non-oil exports amount to N1.09b
Nigerian non-oil export amounted a total of ($269.75) N1.099 billion in the last 10 months (October 1986 - June 1987) according to…
Central Bank pays farmers N5.4 m
The Central Bank of Nigeria paid out a total of N5,356,700 to farmers under the agricultural Credit Guarantee Schedule in the first…
Bank record N1.5b bad debts
A total provision of N1.5 billion has been made for bad and doubtful debts by 24 of the 51 banks operating in…
CBN moves to check fraud
The Central Bank of Nigeria, CBN, has worked out a blueprint for curbing the incessant incidence of fraud at the apex bank.…
Brokerage firms set up merchant banks
Stock Brokerage firms are now establishing merchant banks to diversify their resources base in line with the new challenges of corporate financing…
Prices of consumer goods on the increase in FESTAC
Prices of goods and services in Festac Town, Lagos have gone up astronomically, recording an estimated 100 per cent increase on the…
Cross Rate Vis a vis other currencies
Name of Currency Buying Central Selling US Dollar 4.2774 4.2989 4.3204 Pound Sterling 7.0513 7.0867 7.1222 Duetsche Mark 2.3534 2.3653 2.3771 Swiss…