CBN rolls out new anti money laundering sanction regime
The Central Bank of Nigeria (CBN) has rolled out a tougher sanctions regime for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) which stipulates fines on banks, their directors and other key officials for 48 money laundering infractions.
Banks borrow N52tr from CBN as liquidity pressure intensifies
BANKS’ borrowing from the Central Bank of Nigeria (CBN) shot up by 80 percent to N52 trillion in 2017, from N29 trillion in 2016, due to pressure to survive the impact of high interest rate regime and ceaseless liquidity mop-up, driven by the tight monetary policy of the apex bank
CBN sustains intervention in foreign exchange market with $339.89m
The Central Bank of Nigeria (CBN) on Friday sustained its intervention in the Foreign Exchange market by injecting 339.89 million dollars in the Retail Secondary Market Intervention Sales (SMIS) segment.
CBN injects $210m as naira appreciates to N360.45/$
The Naira yesterday started the week with a 12 kobo appreciation to N360.45 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.
CBN sustains foreign exchange market liquidity with $210m
The Central Bank of Nigeria (CBN), on Monday injected 210 million dollars into the inter-bank Foreign Exchange Market, in its bid to sustain liquidity in the foreign exchange market.
Financial inclusion: Transaction settlement cycle frustrates agent banking operations
OPERATORS in the mobile money market appear to be struggling with services delivery due to the two days transaction settlement cycle of the Central Bank of Nigeria (CBN).
