Culled—Proshare September 28, 2018/CBN Introduction This document lays down the new supervisory regulations for assessing the capital adequacy levels of all banks in Nigeria. The Rules governing regulatory capital, its components and required deductions to the capital levels, shall be applied by banks for […]
Money Market
Orange Money Celebrates 10 Years of Financial Innovation in Africa as Major Mobile Money Player
September 28, 2018/Orange Orange Money, Orange’s (www.Orange.com) mobile money solution, is celebrating its 10th anniversary. Launched in 2008, the service currently has 40 million customers and is available in 17 countries, reaching €26 billion in transactions in 2017. Orange Money is now one of the Group’s leading growth drivers and continues […]
CBN to revoke 154 microfinance banks’ licences, 28 others
27/9/2018/Punch Nike Popoola The Central Bank of Nigeria on Wednesday gave a notification to revoke the operating licences of 182 other financial institutions in the country. According to the list released by the regulator on Wednesday, 154 of the affected institutions are microfinance banks; six are primary mortgage banks; while […]
