The Bank has been at the forefront of promoting financial inclusion in the country, impacting Nigerians, regardless of their locations nationwide. The Bank currently has over 120,000 Firstmonie Agents spread across 772 Local Government Areas in Nigeria The Agent Credit scheme was launched a year ago to empower its Firstmonie […]
Money Market
CBN Issues New Guidelines for Mobile Money Operators in Nigeria
The new guidelines provide a robust coverage of the MMO value chain from service providers to subscribers and agents August 5, 2021/APO By Ibrahim Moshood Introduction The apex regulator of banking activities in Nigeria has released new guidelines to further regulate the services provided by mobile money operators (MMOs) in […]
Federal Reserve Board Announces $1 trillion Individual Capital Requirements for all Large Banks, Effective on October 1
August 5, 2021/US Federal Reserve Following its stress test earlier this year, the Federal Reserve Board on Thursday announced the individual capital requirements for all large banks, effective on October 1. Those capital requirements ensure that the large banks tested will hold roughly $1 trillion in high-quality capital—enough to survive […]
