The Central Bank of Nigeria (CBN) would soon handover debtors of distressed microfinance banks to the Economic and Financial Crimes Commission (EFCC).

Registrar/Chief Executive, Chartered Institute of Bankers of Nigeria (CIBN), Dr. Uju Ogubunka says it is possible for bank customers to safeguard their money in a bank against distress and he explains how this can be achieved.

Banks have turned the N10 million limits on cheque transactions into a money spinning avenue.In placing the ban on payment of value above N10 million through cheques last year, the Central Bank of Nigeria (CBN) directed that such payment should be made through electronic payment channels.

The federal government has given insurance company in the company a deadline of December 31st 2015 to achieve a single west African insurance market.

For the first time the history of the country, price of properties are on the down ward trend falling as much as ten percent.
Real sector experts attribute this unprecedented turn around in fortunes to the on going banking sector reforms.

The Central Bank of Nigeria (CBN) and operators of Primary Mortgage Institutions (PMIs), have commenced work on the modalities for the establishment of the proposed Mortgage Refinance/Liquidity Company (MRC).

The Governor of the Central Bank of Nigeria, Lamido Sanusi continues to leave no one in doubt that CBN reforms and sanitization of the banking sector is ongoing.