24/4/2017/CBN The absence of a unique identifier in the Nigerian banking industry has been a major challenge inhibiting the effectiveness of the Know Your Customer (KYC) principle. To address this challenge and complement the existing means of identification of customers, which include: the Driver’s License; the International Passport; the National […]
Updates
CBN Injects $246.2m for Wholesale, SMEs, Invisibles
Culled–Proshare 24/4/2017/CBN The Central Bank of Nigeria (CBN) on Monday, April 24, 2017, offered the sum of $246.2 million to authorized dealers at the forex auction in the interbank wholesale window, Small and Medium Enterprises (SMEs) and invisibles segments. A breakdown of the total offer indicates that the sum of […]
AfDB announces expansion of its African Bond Index
April 25, 2017/AfDB Zambia and Ghana join index family bringing transparency to the most liquid African bond markets The African Development Bank (AfDB) through the African Financial Markets Initiative (AFMI) launched its AfDB/AFMISM Bloomberg® African Bond Index (ABABI) in February 2015. Calculated by Bloomberg Indices, the composite index is currently […]
