Updates

CBN orders bank workers to declare assets

August 12, 2016/Punch Oyetunji Abioye The Central Bank of Nigeria has ordered workers in all the 19 Deposit Money Banks in the country to declare their assets. The  move analysts say looks like the Federal Government is beginning to expand its ongoing anti-corruption crusade to the private sector, especially the […]

CBN Says Licensing of International Money Transfer Operators On-going

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 […]

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, […]