February 2, 2024/CBN The Central Bank of Nigeria (CBN) is ceasing daily CRR debits and will be adopting an updated Cash Reserve Requirement (CRR) mechanism that is intended to facilitate your capacity for planning, monitoring, and aligning your records with the CBN. The determination of the segment of deposits subject […]
Money Market
UBA Group Appoints Mary Mulili, Mohamed Alhajie Samoura as MD/CEO in Kenya, Sierra Leone
February 2, 2024/UBA Plc Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced the appointments of Ms. Mary Mulili and Mr Mohamed Alhajie Samoura, as the new Managing Directors/Chief Executive Officers of its subsidiaries in Kenya and Sierra Leone respectively. Ms. Mulili’s appointment marks a significant milestone for […]
CBN Unveils Revised Guidelines for International Money Transfer Services in Nigeria
February 2, 2024/CBN The Central Bank of Nigeria in September 26, 2014 issued the guidelines for International money transfer services in Nigeria which provided a framework for the licensing and operations of International Money Transfer Operators (IMTOs) In Nigeria. Following recent reforms to: |. Liberalize the foreign exchange market and […]
