13/5/2016/CBN The Central Bank of Nigeria (CBN) again wishes to caution bank customers against falling prey to the activities of unscrupulous individuals who demand for the details of their debit (ATM) cards as well as their Personal Identification Numbers (PIN), under the pretext of being Customer Care representatives of the […]
Money Market
Nigeria’s naira falls 1.25 pct on parallel market after fuel hike
12/5/2016/Reuters May 12 Nigeria’s naira currency weakened 1.25 percent to 324 to the dollar on the parallel market on Thursday after the West African country raised gasoline prices by 67 percent, traders said. “People are holding on to their dollars in anticipation of an increase in demand for dollars by […]
CBN Unveils Exposure Draft Guidelines on Islamic Micro Finance Banks in Nigeria
12/5/2016/CBN In response to several enquiries from persons seeking to establish Non-Interest (Islamic) Micro Finance Bank (NIMFBs) and in order to encourage the development of the microfinance subsector of the Non-Interest Finance sector so as to deepen financial inclusion, the CBN hereby releases the attached draft guidelines for the regulation […]
