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…classifies structure, curriculum equal to CBN’s training school Heritage Bank Plc’s training school, known as “The Refinery” for new entrant staff has been accredited by the Governing Council of the Chartered Institute of Bankers of Nigeria (CIBN). The Refinery supervised by the Bank’s Human Capital Management Group was accredited by CIBN after assessing and evaluating its syllabus, curriculum and structure by ...
July, 2019
June, 2019
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18 June
Heritage Bank’s N2bn loan boost Triton’s frozen foods export to Europe, Africa countries
Barely two years Heritage Bank and the Central Bank of Nigeria (CBN) disbursed a loan for building a N2illion processing facility for Triton fish/chicken in Oyo state, the firm has commenced export of all kinds of frozen foods to some parts of Europe and African countries. The loan that was given under the Commercial Agricultural Credit Scheme (CACS) in 2017 ...
May, 2016
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2 May
E-Revenue Sustainability Conference holds in Abuja May 10
Preparations are already in top gear ahead of the maiden edition of the E-Revenue Sustainability Conference, an annual forum organized by Intermarc Consulting Limited and other stakeholders in the financial services sector of the economy. According to the organizers, the conference will proffer strategies and tactics to grow revenues from existing and new IGR sources within the federation, while also ...
January, 2016
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25 January
Dangote Ready For N414B Lekki Refinery, Gets CBN Support
The Central Bank of Nigeria (CBN) has assured Dangote Group that it will support it to access Foreign Exchange to build its proposed N414 billion refinery in the country. The Governor of CBN, Mr Godwin Emefiele, gave the assurance during his tour of the refinery which is projected to refine 650,000 barrels of crude oil per day. Emefiele said the support ...
November, 2015
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25 November
4 Reasons Why The CBN Cut CRR & MPR
The Central Bank Monetary Policy Committee cut MPR from 13% to 11% in a move that surprised analysts. They also cut the cash reserve requirement for banks from 25% to 20%. The committee voted 8 to 10 to reduce the MPR and 7 to 10 to reduce CRR. The CBN is hoping that these twin cuts will stimulate the economy ...
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23 November
“39.5 Million Nigerians Are Excluded From Financial Services” – CBN
The Central Bank of Nigeria, CBN, has maintained that about 39.5 million Nigerians were excluded from the financial services system including insurance services, pension and banking services. The apex bank said greater numbers of persons were excluded from insurance and pension services. A representative of CBN at the micro insurance fair recently held in Lagos, Olayinka Peters from the Financial Inclusion ...
August, 2015
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18 August
From 245 To 217 Again Dollar, Naira Raises Hope, Excites Nigerians
The naira appreciated against the United States dollar at the parallel market on Monday to 217, from 221 recorded on Friday. The naira rose on the back of weak demand for the dollar at the foreign exchange markets. Forex traders linked this to an improved dollar liquidity occasioned by the sustained sales of the greenback by the Central Bank of ...
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11 August
Expert Warns Against The Dangers Of CBN’s Policies
The Chief Economist, Standard Chartered Bank, Africa, Razia Khan, has cautioned that the recent foreign exchange policies introduced by the Central Bank of Nigeria (CBN) – the imposition of forex restrictions on imports and the requirement that clients’ demand for forex be pre-funded 48 hours ahead – were already fueling inflation, thereby making it difficult for the Federal Government to ...
