Culled—Proshare August 3, 2018/By Brian NGUGI of BusinessDAILY, Kenya Tanzania’s banking regulator, the Bank of Tanzania (BoT), on Thursday placed Bank M Tanzania Plc under administration after it became insolvent. The lender consequently will not open for normal business for up to ninety days effective Thursday “during which the Bank […]
Money Market
CBN Issues Notice on the Revised Foreign Exchange Manual
August 2, 2018/CBN It will be recalled that as part of a deliberate programme for the liberalization of the Foreign Exchange Market, the Bank in 2006 undertook a review of the Foreign Exchange Manual to incorporate policy changes that had taken place since its introduction in 1995 pursuant to the […]
CBN Says Revised Nigeria Bankers’ Clearing System Rule Commences September 1
August 2, 2018/CBN The Central Bank of Nigeria (CBN) in furtherance of its mandate for the development of electronic payments system in Nigeria, hereby issues the revised Nigeria Bankers’ Clearing System (NBCS) Rules. Please note that the effective date of the Revised NBCS Rules is 1st September 2018. Please be […]
