March 5, 2019/CBN Please recall that the Central Bank of Nigeria reviewed the Nigerian Cheque Standards (NCS) and Nigeria Cheque Printers Accreditation Scheme (NICPAS), to increase the efficiency and security of the Nigerian Clearing System. In this regard, the Bank issued a circular dated September 18, 2018 stipulating the implementation […]
Money Market
CBN Unveils Initial Guidance Notes on the Implementation of IFRS 9 in the OFIs sector in Nigeria
March 5, 2018/CBN We hereby forward the Central Bank of Nigeria’s initial Guidance Note on the implementation of IFRS 9 (Financial Instruments) in the Other Financial Institutions (OFIs) sector. The guidance note communicates supervisory expectations for the implementation of new standard, especially in areas where OFIs are expected to exercise […]
CBN Offers Single Interest Rate to Textile Manufacturers, Restricts FX for all forms of Textile Materials
March 5, 2019/CBN Opening pleasantries – Good morning distinguished ladies and gentlemen. I am pleased to be speaking to you today on reviving Nigeria’s textile sector, which is vital to our growth objectives as a nation, and to our efforts at creating jobs for Nigerians on mass scale across he […]
