The Central Bank of Nigeria (CBN) at the weekend clarified that the new cash withdrawal/deposit limit is not applicable to Microfinance Banks (MFBs) and Primary Mortgage Institutions (PMIs) because both deposit-taking institutions are expected to honour the withdrawal request of their customers and also meet other obligations. Specifically, the apex […]

The Federal Mortgage Bank of Nigeria (FMBN) has said it had initiated plans to develop about 150 housing units in each state of the federation and Federal Capital Territory for officers of the Nigeria Police. The project would be initiated under the Police Social Housing Scheme. A statement from the […]

The Nigerian Stock Exchange has delisted the N35bn FGN Bond February 2012 from the Daily Official List. The NSE report for the week ended March 2, 2012, noted that this bond was delisted early last week on maturity, adding that by the move, the number of listed FGN Bonds had […]