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CBN to revoke licences of MFBs, others for non- compliance

CBN to revoke licences of MFBs, others for non- compliance

The Central Bank of Nigeria, CBN, has said it would revoke the operating licences of micro finance banks, and other financial institutions, OFIs, due to non-compliance with anti-money laundering and combating terrorism financing, AML/CFT, regulations.

CBN boosts forex supply with $389million

CBN boosts forex supply with $389million

The Central Bank of Nigeria (CBN) yesterday injected a total sum of $388.66 million to the retail segment of the interbank window of the foreign exchange market.