News of the finance

October 29, 2008 By Jason Deign What is a second worth? Possibly not too much to you or me. But if your business has anything to do with trading on the world's major financial markets, where values can soar ...img src="http://www.cisco.com/swa/j/zag2_vs_log1.asc?Log=1vs_f=News@Cisco:+Financial+Services+Newsvs_p=Exchanges+and+Trading+Houses+Analyze+Traffic+by+the+Millisecond+with+Cisco+Bandwidth+Quality+Manager" border="0" height="0" width="0" /

A Circular reference BSD/08/2006 on the above subject titled The Unethical and Unprofessional Practice Of De-Marketing Colleagues/Other Banks in the Industry by Spreading False Rumours, dated April 12,2006. The CBN has again noted with serious concern the recent practice whereby some officers of deposit money banks engage in the de-marketting of other banks through disparaging comments and the use of negative text messages.br a href=http://www.cenbank.org/out/circulars/bsd/2008/circular on de-marketing by banks-21-10-2008.pdfClick here for details./a

ALMATY - October 16, 2008 - Cisco announced today that KazCommertzBank, the largest private bank in Kazakhstan, has deployed Cisco technology to help improve the quality of its 24x7 tele-banking service to customers. In implementing Cisco's Unified Contact Center Enterprise solution with integrated Interactive Voice Response (IVR), ...img src="http://www.cisco.com/swa/j/zag2_vs_log1.asc?Log=1vs_f=News@Cisco:+Financial+Services+Newsvs_p=KazCommertzBank+Optimizes+Tele-banking+Service+with+Cisco+Contact+Center+Technology" border="0" height="0" width="0" /

RIYADH - October 13, 2008 - Derayah, one of Saudi Arabia's budding Financial Services firms, has implemented a Cisco network infrastructure for its entire IP backbone. The decision to implement Cisco's IP based technology solutions, which help firms cut operational costs and accommodate ambitious growth, is aligned with Derayah's focus on empowering investors by providing the most independent, convenient and cost-effective way to invest their assets. Derayah's ...img src="http://www.cisco.com/swa/j/zag2_vs_log1.asc?Log=1vs_f=News@Cisco:+Financial+Services+Newsvs_p=Derayah+Implements+Cisco+Network+Infrastructure+for+Unified+Communications" border="0" height="0" width="0" /

In view of the developments in the financial system and the need to deepen the money and capital markets, the Central Bank of Nigeria has approved the following changes with regards to the operations of discount houses in Nigeria. a href=http://www.cenbank.org/out/Circulars/bsd/2008/013.pdfClick here for details./a A revised operational guidelines will be issued shortly.br br buInvitation for the pre-qualification of Contractors for Execution of Capital Development Projects/b/ubr The Central Bank of Nigeria is desirous to undertake a pre-qualification exercise for the under listed capital projects underbr the 2008 budget. Consequently, the Bank wishes to invite reputable contractors to indicate interest to prequalify for the listed projects. All submissions must be received at the designated address on or before 16.00 hours on 24th October, 2008. a href=http://www.cenbank.org/out/publications/pressrelease/gov/2008/prequalification.pdfClick Here For Details./a

In the exercise of the powers conferred on the Central Bank of Nigeria by section 57 of the CBN Act 2007, No.7, the following guidelines are made as a guide to the licensing, operations and regulation of all credit bureaus in Nigeria.br a href=http://www.cenbank.org/out/publications/guidelines/CBOD/2008/guidelines_for_credit_bureaus.pdfClick here for details/abr

This is to inform all Designated Banks for Customs Revenue Collection, Destination Inspection Service Providers and the Nigeria Customs Service (including NCS Area Controllers and the ASYCUDA Project Leader) that, the Import Duty Collection Scheme meeting has been scheduled to hold at the Conference Hall, Central Bank of Nigeria, Abeokuta on Thursday, 16th October, 2008 at 11.00 a.m. prompt. a href=http://www.cenbank.org/out/circulars/ted/2008/ted.fem.gen.fpc.01.106.08.pdfClick here for details/abr

Several banks have recently indicated their desire to reschedule some of their capital market related exposures.br a href=http://www.cenbank.org/out/circulars/bsd/2008/resheduling of specific debts.pdfClick here for details/abr

The Monetary Policy Committee meeting scheduled to hold June 2, 2009 has been postponed. A new date will be announced later.

Please view the Banks interest rates and charges on Loans and Deposits for the month of August 2008.br a href=http://www.cenbank.org/out/publications/bsd/2008/Banks Interest Rates and Charges on Loans and Deposits for August 2008.pdfClick here for details/abr