August 12, 2016/CBN It has come to the notice of the Central Bank of Nigeria (CBN) that, in spite of its transparency in the licensing of International Money Transfer Operators (IMTOs) in Nigeria, some persons have continued to allege that the Bank has stopped the licensing of interested IMTOs in […]
Money Market
Reps want CBN to reduce interest rate
August 12, 2016/Punch The House of Representatives has called on the Central Bank of Nigeria to seek ways of reducing the high interest rate on loans given to customers by commercial banks and also find a solution to the high rate of non-performing loans in the banking sector. The Chairman, […]
CBN, EFCC freeze fund managers’ bank accounts
August 10, 2016/Punch Diamond Bank Plc says the Central Bank of Nigeria and the Economic and Financial Services Commission have frozen the bank accounts of Cashflowabi Cooperative Society and Cashflowabi Networks Limited for allegedly operating as fund managers without operating licences. It said the directive to freeze their banks accounts […]
