April 26, 2019/.CBN 1.0 Introduction Section 2 of the CBN Act, 2007 vests the issuance of legal tender currency on the Central Bank of Nigeria (CBN). The task entails design (including security features), production, and distribution of newly printed notes and fit notes as well as replacement of unfit banknotes […]
Money Market
UBA Rewards 20 more Customers with N30m in Wise Savers Promo
April 21, 2019/UBA Plc United Bank for Africa (UBA) has rewarded another 20 customers who emerged winners in the second quarterly draw of the UBA Wise Savers Promo with N1.5 million each, bringing the total amount won by 40 customers so far to N60 million. The electronic raffle draw which […]
CBN Unveils Pillar 2 Risks And Stress Testing For Banks
April 19, 2019/CBN Following the issuance of Exposure Drafts (EDs) of the Guidelines for Pillar 2 Risks (Interest Rate Risk in the Banking Book, Reputational Risk, Credit Concentration Risk, and Business Risk) and Stress Testing in Q2 2018 and the receipt of comments from stakeholders, the Central Bank of Nigeria […]

