2/5/2018/Punch Oyetunji Abioye Majority of the Deposit Money Banks in the country failed an anti-money laundering system examination conducted by the Central Bank of Nigeria, a report by the CBN has revealed. According to the 2017 CBN Half-year Economic Report, the anti-money laundering systems in place in majority of the […]
Money Market
Investor’s & Exporters’ FX Window – A Year Later
30/4/2018/InvestmentOne Report On April 21st 2017, the CBN established the Investors & Exporters (I&E) Window with the purpose of boosting liquidity in the FX market and ensuring timely execution and settlement of eligible transactions. The creation of the I&E FX Window followed the increase in foreign exchange reserves to US$30.3billion […]
CBN Says N100,000 Limit Per Day USSD Transaction Commences June 1, 2018
By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Thursday said with effect fgrom June 1, 2018, bank customers using the Unstructured Supplementary Service Data (USSD) channel to transact will be limited to not more than N100, 000 per day. This is contained in circular dated April 17, 2018 […]
