September 18, 2019/CBN The CBN wishes to inform all its stakeholders and the general public that the Monetary Policy Committee (MPC) meeting No. 269, earlier scheduled for Monday, September 23 and Tuesday, September 24, 2019, will now hold on Thursday, September 19 and Friday, September 20, 2019. All inconveniences caused […]
Money Market
CBN Approves Charges On Withdrawals And Deposits; Unbundles Charges on Electronic Merchants
Culled—Proshare September 18, 2019/CBN Effective today, bank customers will pay a huge fine for cash deposit or withdrawal above N500k for individuals or N3m for corporates. The CBN, in a circular to all deposit money bank (DMBs), announced the commencement of charges on deposits in addition to already existing charges […]
SEC Proposes Rules to Update Statistical Disclosures for Banking Registrants
September 17, 2019/SEC The Securities and Exchange Commission today announced that it has proposed rules to update the statistical disclosures that bank and savings and loan registrants provide to investors, and eliminate disclosures that overlap with Commission rules, U.S. GAAP or IFRS. The proposed rules would replace Industry Guide 3, […]
