CBN Introduces Two New Non-interest Banking Instruments

Posted by - August 25, 2017

In a bid to aid liquidity management and deepen the financial system, the Central Bank of Nigeria (CBN) has introduced two new financial instruments known as – Funding for Liquidity Facility (FfLF) and Intra-day Facility (IDF), at its window, for access by non-interest financial institutions (NIFIs) under its regulation. The central bank stated this in

StanChart Ghana Appoints 2 New Directors to Its Board

Posted by - August 16, 2017

Standard Chartered has appointed Professor Akua Kuenyehia and Henry Baye as Independent Non-Executive Director and Executive Director respectively, to the Board of the Bank. A communique by the bank said their appointments took effect from July 27, 2017. Commenting on the appointments, Ishmael E. Yamson, Chairman of the Board of the Bank said, “It is

The Royal Bank Ghana Hopeful of Meeting New Bog Minimum Capital Requirement

Posted by - August 14, 2017

The Royal Bank (TRB) has revealed it is well positioned to meet the Bank of Ghana’s planned new minimum capital requirement. The bank has indicated plans to explore options such as shareholder and/or new investor financing for the recapitalization bid. According to management, the bank’s financial position has improved significantly with a positive outlook especially

BoG Likely To Announce New Minimum Capital Requirement in September

Posted by - August 10, 2017

The Bank of Ghana (BoG) has indicated that it is likely to announce a new minimum capital requirement for banks by September. According to the regulator, it is almost through with the required engagement with all the players in the banking industry to possibly aid the announcement. The Central Bank had earlier indicated that it

Visa Schools Merchants on New Mobile Payment Codes

Posted by - August 9, 2017

Visa has announced its support of the new global QR Code Payment Specifications from EMVCo, the global technical body that manages the EMV Specifications. The specifications cover consumer-presented and merchant-presented QR code use cases for digital payment acceptance. QR Codes are two-dimensional machine-readable barcodes, used to facilitate mobile payments at the point-of-sale. Visa and the

New Registrar, CEO for ACGPN

Posted by - July 18, 2017

Mr Femi Mosaku-Johnson has been appointed as the Registrar and Chief Executive Officer of the Association of Corporate Governance Professionals of Nigeria (ACGPN). Mr Mosaku-Johnson has worked with the business sector, corporate and government clients on leadership development, team, strategy, performance, learning management presentations and design management, governance and board development, as well as customer

CIPM Appoints New CEO

Posted by - July 18, 2017

The Chartered Institute of Personnel Management (CIPM) has appointed a new Registrar and CEO, the person of Mrs Ajibola Ponnle. Mrs Ajibola, holds a B.Sc. degree in Economics from the University of Ibadan and a Masters in Organizational Psychology from the University of London. She has worked in both private and public sectors with a

First Bank Appoints New Executive Director

Posted by - July 13, 2017

Abdullahi Ibrahim has been appointed by First Bank of Nigeria as an Executive Director. Prior to this appointment, Abdullahi held a position as the bank’s Group Executive, Retail Banking, North. Ibrahim’s appointment comes in line with the bank’s strong corporate governance credentials and best practice, ensuring that there is balance of knowledge, judgment and experience