6/7/2018/Proshare Research In the wake of 2016, the Federal government in attempt to reflate the economy due to liquidity concerns coupled with hard pegs hinged deeply on the domestic money market by focusing primarily on short term instruments to fund the budget. The cost of financing the budget was high […]
Money Market
CBN Direct Banks to Render Returns on Shared Agency Network Expansion Fund initiative
July 5, 2018/CBN Pursuant to the decision of the Bankers‘Committee to adopt and implement the Shared Agency Network Expansion Fund initiative by the Banking Industry, aimed at accelerating the Bank’s financial inclusion program, the Bank hereby issues this regulatory requirement for data rendition for effective monitoring and evaluation purposes. All […]
CBN Issues Directive on Compliance with Cybercrime Act 2015
July 5, 2018/CBN Pursuant to the provisions of Section 44 (S. 1 and 2) of the Cybercrime (Prohibition, Prevention, etc) Act 2015, all Mobile Money Operators (MMOs) and other affected Payment Service Providers are hereby directed to comply with the statutory provision for the collection and remittance of the 0.005 […]
