Inter-bank lending rates eased marginally last week to an average of 10.58 per cent, from 10.83 per cent the previous week, as market liquidity was boosted by repayment of large funds in matured treasury bills. Dealers said about N95bn ($603.75m) in maturing treasury bills hit the system last week, boosting […]
World News
CBN introduces anti-money laundering regulation
The Central Bank of Nigeria has finalised and gazetted the Anti-Money Laundering/Counter Terrorism Financing Compliance Manual to give it a full effect of law. A circular released by the bank to all banks and financial institutions on Friday said that the manual had been renamed, ‘CBN AML/CFT REGULATION (2009)’. It […]
Multiple taxation reducing our profits –Banks
Deposit money banks in the country have raised concerns about the negative effect multiple taxation is having on their financial performance . According to the banks, the issue is becoming worrisome as it has drastically reduced their profits as well as shareholders’ funds. The chief financial officers of banks in […]
