April 26, 2018/Diamond Bank Plc Diamond Bank Plc (“Diamond Bank”) – Nigeria’s fastest growing retail bank – is to sell its UK banking operations, Diamond Bank UK, in order to focus on Nigeria and its significant retail banking opportunity. As part of the process, Diamond Bank has signed a Share […]
Money Market
IFC, Mastercard Expand Partnership to Drive Greater Financial Inclusion in Emerging Markets
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 […]
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,” […]
