Deposit Money Banks (DMBs) have warned that restriction will be placed on the accounts of Designated Non-financial Businesses and Professions (DNFBPs) operators that failed to comply with the Know-Your Customer (KYC) requirement of the Central Bank of Nigeria (CBN). The CBN’s deadline for compliance with the KYC update by the […]
More News
ECB cuts interest rates, open to further action
The European Central Bank cut interest rates for the first time in 10 months on Thursday and held out the possibility of further policy action to support the recession-hit euro zone economy. Responding to a drop in euro zone inflation well below its target level and rising unemployment, the ECB […]
Pension: Lagos pays N18.03bn to retirees
The Lagos State Governor, Mr. Babatunde Fashola, has said that since the state adopted the new pension scheme, it has paid a total of N18.03bn to retirees under the Contributory Pension Scheme. He said this during the presentation of the eight retirement bond certificates to the states’ pensioners in Lagos […]
