The Central Bank of Nigeria (CBN), the Securities & Exchange Commission (SEC), the Economic & Financial Crimes Commission (EFCC), under the Inter-Agency Committee on Illegal Fund Managers/’Wonder Banks’ have once more alerted the public on the resurgence of the operators. According to a statement, the committee, whose members also include […]
Author: InvestAdvocate
Forex market: CBN sold $3.89bn in Q1
The Central Bank of Nigeria sold a total of $3.89bn at the Wholesale Dutch Auction System in the first quarter of this year. Calculations by our correspondent showed that the apex bank also offered a total of $4.04bn within the period at the bi-weekly foreign exchange auction. The breakdown of […]
Pension Funds May Be Invested In Mortgage Banks
The Central Bank of Nigeria (CBN) will soon adopt a comprehensive reforms package for mortgage banking to reposition the sector for growth, spokesman Ugochukwu Okoroafor has said. Okoroafor said the reforms would not only be all-inclusive, but would transform the practice of mortgage banking. The reforms, he said, would address risks management, […]