Top business & bank news in Nigeria today May 23, 2018

Top business & bank news in Nigeria today May 23, 2018
Top business & bank news in Nigeria today May 23, 2018

Top business & bank news in Nigeria today May 23, 2018 – Get all the latest business & bank news in Nigeria today May 23, 2018, the weeks has only begun and a lot has happened already in the business world, visit FINANCIAL WATCH daily to keep abreast in Nigeria’s business and banking sector.

NSE lifts one and half year old suspension on Ikeja Hotel

NSE lifts one and half year old suspension on Ikeja Hotel – The Nigerian Stock Exchange (NSE) has lifted its one and a half years suspension on trading in the shares of Ikeja Hotel, paving the way for resumption of trading in the shares of the hospitality and tourism company.

Ikeja Hotel’s share price rose by 4.49 per cent or 8.0 kobo to close at N1.86 per share during trading on Monday at the NSE.

Skye Bank Customers happy with ‘Select Account’

Skye Bank Customers happy with ‘Select Account’ – Skye Bank customers have ex-pressed delight at being beneficiaries of the bank’s priority account – Skye Select Account.

In a statement, the bank quoted an Aba-based industrialist, Sylvester Nwanyanwu, a Skye Select Account holder, as saying: “I was travelling with some of my business associates without knowing that being a holder of the Skye Bank’s priority pass card would give us a privileged advantage.

Union Bank gets BCMS ISO certification

Union Bank gets BCMS ISO certification – Union Bank Plc has received certification for its compliance with the International Business Continuity Management Systems (BCMS) Standard, ISO 22301:2012.

The bank was certified by the British Standards Institution (BSI) in partnership with local capacity building firm, Digital Jewels following its successful fulfillment of the rigorous requirements for BCMS certification.

Rising influence of FinTech big threat to banks, says Emefiele

Rising influence of FinTech big threat to banks, says Emefiele – The Central Bank of Nigeria (CBN) has identified the rising influence of Financial Technology (FinTech) firms in providing financial services to consumers as a big threat  to banking.

CBN Governor Godwin Emefiele stated this in Lagos during the Chartered Institute of Bankers of Nigeria (CIBN) investiture of Uche Olowu as its 20th President/ Chairman Council.

How Multiple exchange rates hurt capital inflows – Expert

How Multiple exchange rates hurt capital inflows – Expert: Foreign investors are still worried about the multiple exchange rates operating in Nigeria which remain a big challenge to foreign capital inflows, Global Chief Economist at Renaissance Capital (RenCap) Charles Robertson has said.

Robertson spoke at the RenCap ninth Annual Pan-Africa 1:1 Investor Conference in Lagos. He said although the foreign investors have increased their interest in the economy, but the level of capital inflows would have been better were the country to adopt a single exchange rate.

Why we did not reduce interest rate – CBN

Why we did not reduce interest rate – CBN: The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) rose from its second meeting for the year, expressing apprehension that the late passage and implementation of the 2018 budget, as well as election spending, could trigger inflationary trends and reverse the economic gains made so far, if pre-emptive measures are not adopted.

MTN, Glo, Airtel to increase data, call tariffs

MTN, Glo, Airtel to increase data, call tariffs – Nigerians may soon begin to pay higher tariffs on calls and data as the telecommunications companies in the country brace up for a new cyber security levy to be implemented by the Central Bank of Nigeria (CBN).

This is coming on the heels of a directive from the CBN to all banks on the collection of 0.005 per cent levy on all electronic transactions into a National Cyber Security Fund.

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