November 2, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Thursday released guidelines for licensing, regulation and operation of payment service banks (PSBs) in Nigeria. This is contained in circular with reference number FPR/DIR/GEN/CIR/07/018 dated October 26, 2018 and signed by Kevin Amugo, director financial policy and regulation […]
Money Market
CBN Says Three Commercial Banks Fall Short of the Minimum Regulatory Liquidity Ratio of 30%
November 2, 2018/CBN Banking Sector Soundness The health of banks improved in the review period, following the sustained recovery in macroeconomic conditions, including declining inflation, stable exchange rate and gradual upswing in the real economy. At end-June 2018, the industry average capital adequacy ratio (CAR) was 12.08 per cent, compared […]
CBN Unveils Code of Corporate Governance for Microfinance Banks in Nigeria
October 31, 2018/CBN The CBN on February 27, 2017 issued the Exposure Draft on the Codes of Corporate Governance for Other Financial Institutions in Nigeria, and comments received from stakeholders subsequent thereto had been incorporated in the Guidelines as appropriate. Pursuant to the provisions of Sections 33 subsection (1) (b) […]
