December 27, 2019/CBN Adamu, Edward Lametek The global economy continues to struggle under the combined weight of factors including trade tensions resulting in significant tariff increases between the United States and China; subdued investment and activity prospects in emerging markets and developing economies (EMDES); increasing policy uncertainty across many countries; […]

December 23, 2019/CBN The Central Bank of Nigeria issued the Consumer Protection Framework (CPF) on November 7, 2016 to enhance consumer confidence in the financial services industry and promote financial stability, growth and innovation. Further to the above, the CBN hereby issues the Consumer Protection Regulations to improve overall compliance […]

Culled—Proshare by CardinalStone Research Yesterday, the Central Bank of Nigeria (CBN) announced new guidelines for charges by banks and other financial institutions effective January 1st, 2020. Notable highlights of the changes are: Current account maintenance charges: Applicable only to customer-induced current account debit transactions, subject to a maximum of N1 […]