Uncategorized

Money laundering: CBN issues fresh directives to banks

The Central Bank of Nigeria has issued fresh directives to banks to comply with the amended anti-money laundering/combating the financing of terrorism regulation, 2009 so as to align with money laundering Act, 2011 and terrorism Act, 2011. A circular by the CBN on Friday listed the sections of the AML […]

Nigeria may miss $1.2bn World Bank loan

The delayed approval by the National Assembly of a request by the Federal Government for a $1.2bn infrastructure loan from the World Bank may make the country lose the loan offer. The Minister of Finance, Dr. Ngosi Okonjo-Iweala, said that the fund had been approved by the bank for Nigeria […]

NSE delists Confidence Insurance from the DOL

The Nigerian Stock Exchange has announced the delisting of the shares of Confidence Insurance Plc from its Daily Official List. The Exchange noted in its report on Friday that by the action, the total number of listed equities has been reduced to 201, while the number of listed companies is […]