April 26, 2018/Mastercard Mastercard and IFC, a member of the World Bank Group, today bolstered their partnership to drive financial inclusion, updating a $250 million global risk-sharing facility to expand access to electronic payments in emerging markets. Electronic payments help underserved people and small businesses more fully participate in the […]
Money Market
CBN, OAGF Develop Robust Anti-Money Laundering, Terrorism Financing Regulation 2018
23/4/2018/CBN Pursuant to the requirements of the Financial Action Task Force (FATF) Recommendation 35 on effective, proportionate and dissuasive sanctions and the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) 2007 Mutual Evaluation recommendation that “Nigeria’s sanctions regime should be reviewed and made to be proportionate and dissuasive,” […]
Whither The Substantial Remittances?
Culled—Proshare April 26, 2018/FBNQuest Research We see from the CBN’s Quarterly Statistical Bulletin for Q4 2017 that net current transfers amounted to US$5.85bn, their highest since Q4 2013. Our chart shows an annual peak in the fourth quarter, which coincides with the principal holiday season in Nigeria. It also shows […]
