CBN gives approval to Africa’s first farmers’ MfB
THE Central Bank of Nigeria, CBN, has given approval to Africa’s first farmers microfinance bank to operate in the Unit Category in Nigeria.
CBN injects $210M as naira appreciates to N360.64/$
The Naira yesterday appreciated by 27 kobo to N360.64 per dollar in the Investors’ and Exporters’ (I&E) window, even as the Central Bank of Nigeria (CBN) injected $210 million into the foreign exchange market.
Banks must repay excess charges with interest, says CBN
The Central Bank of Nigeria (CBN), said any bank that deducts monies illegally from a customer’s account for products and services would be forced to refund the money to the customer with interest
Nigeria spends $36.3bn on fuel importation in 5 years — CBN
CENTRAL Bank of Nigeria, CBN, yesterday, disclosed that the sum of $119.409billion was spent on the importation of commodities into the country in five years.
Money laundering: New sanction regime will enhance public confidence-MfB operators
MICROFINANCE banks’ operators have commended the new Anti Money Laundering/Counter Financing Terrorism (AML/CFT) sanction regime saying it will enhance public confidence in the banking system.
Excess liquidity to persist as TBs record N808bn oversubscription
THE challenge of excess liquidity in the interbank money market will persist this week following over-subscription of N808 billion recorded in treasury bills offers last week.
