Money Market

Stanbic IBTC Reiterates Commitment to Quality Education Through Tertiary Scholarship Scheme

August 19, 2021/pplusmeasurement In determination to help solve some of the challenges in the education sector, Stanbic IBTC Holdings PLC, a member of Standard Bank Group, recently instituted a scholarship scheme. The scholarship scheme was targeted at successful candidates in the University Tertiary Matriculation Examinations (UTME) conducted by the Joint […]

CBN Secures Order Freezing Risevest, Bamboo Accounts Over ”Illegal FX Transactions”

August 18, 2021/The Cable By Bolanle Olabimtan of TheCable TheCable is reporting that a federal high court in Abuja has granted the request of the Central Bank of Nigeria (CBN) to freeze accounts of fintech companies for 180 days. The accounts include that Rise Vest Technologies Limited, Bamboo Systems Technology […]

CBN Releases Exposure Draft of the Risk-Based Cyber-Security Framework and Guidelines for OFIs

August 17, 2021/CBN Due to the recent increase in the number and sophistication of cyber-security threats and attacks against Other Financial Institutions (OFls), it has become necessary and mandatory for the sub-sector to strengthen its cyber resilience if it is to remain safe and sound. Consequently, the Central Bank of […]