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All posts tagged "bank of nigeria"

  • Banks defrauded customers of N6b in 2012 – Sanusi

    Central Bank of Nigeria (CBN) said it has recovered over N6 billion for customers that were cheated by banks in the last one year. CBN Governor, Sanusi Lamido Sanusi, who disclosed this on Thursday, said the feat...

    • Posted April 12, 2013
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  • NDIC plans bailout for micro finance, mortgage banks

    The Nigeria Deposit Insurance Corporation, NDIC, has said it would grant assistance to deserving Primary Mortgage Banks, PMBs) and microfinance banks (MFBs, as part of its efforts to reposition the sub-sector for greater performance of the financial...

    • Posted April 4, 2013
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  • CBN’s guideline on bank charges begins today

    The revised guideline to bank charges issued last week by the Central Bank of Nigeria (CBN) becomes effective today. A circular attached to the guideline, signed by IT Nwaoha, acting director, Financial Policy and Regulation Department at...

    • Posted April 2, 2013
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  • CBN okays new forex policy on importation

    THE Central Bank of Nigeria (CBN) has kicked-off the self-service process in the automation of foreign exchange forms, now known as Electronic Form M (e-Form M) on the trade monitoring system. It also approved a fee to...

    • Posted March 26, 2013
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  • Naira heads for 2-week high on expected dollar sales

    The naira gained for a third day and headed for its strongest in more than two weeks on speculation that the country will sell dollars to meet month-end expenses. The currency rose less than 0.1 per cent...

    • Posted March 26, 2013
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  • CBN retains MPR, CRR to stabilise economy

    A major development in the money market this week was retention of the Monetary Policy Rate (MPR) at 12 per cent by the Monetary Policy Committee (MPC). The Central Bank of Nigeria (CBN) Governor, Lamido Sanusi, announced...

    • Posted March 23, 2013
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  • WEMA seeks to regain national bank status

    Wema Bank Plc, has disclosed that it will raise a 35 billion naira ($220 mn) private share placement to some investors by the end of April and apply to regain national bank status. Wema was one of...

    • Posted March 18, 2013
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  • CBN releases framework for MRC operation

    The Management of the Central Bank of Nigeria (CBN) has approved the Regulatory and Supervisory Framework for the operations of a Mortgage Re-finance Company (MRC) as an exposure draft. The framework provides for the licensing and establishment of ...

    • Posted March 17, 2013
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  • Third party cheque policy takes off June 1

    The Central Bank of Nigeria (CBN) has ordered all banks to implement the policy on third party cheque withdrawal limit with effect from June 1, 2013, in a move to ensure uniform compliance by all the financial...

    • Posted March 12, 2013
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  • First Bank introduces youth empowerment programme

    First Bank of Nigeria Limited has commenced a programme titled, ‘First Bank Youth Excel Series’ designed to empower youths. The Group Managing Director, First Bank, Mr. Bisi Onasanya, said during the inauguration of the programme at the...

    • Posted February 28, 2013
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