We refer to the publication by Business Day Newspaper with the title ‘Third-Quarter Earnings of Banks with Equity in CDL May Drop’ in its today’s edition. The newspaper had reported that Access Bank has equity and deposit exposures to Consolidated Discount House Ltd (‘CDL’), a company which is reported to […]
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Nigeria Central Bank revokes licence of 20 Bureau De Change Operators- Sanusi
The Central Bank of Nigeria (CBN) has revoked the licence of 20 Bureau De Change (BDC) companies for foreign exchange malpractice. The Central Bank Governor, Lamido Sanusi, disclosed this at Ikoyi Club 75th Anniversary Lecture held in Lagos on Thursday. Mr. Sanusi, who declined to mention the names of the […]
Nigeria central bank cracks down on money laundering
* Forex dealers to be monitored more closely * Money laundering putting pressure on naira currency * Political corruption partly responsible – central bank Nigeria’s central bank has announced new measures to tackle money laundering it says is weakening the naira currency and risks pushing up inflation, and […]
