The House of Representatives has resolved to look into reported cases of fake naira notes being dispensed by Automated Teller Machines (ATMs). The lawmakers noted that the negative trend has the potential of affecting the cash-less economy policy and the economic growth of the country at large. Consequently, House Committee on […]
Tag: Banks
IMF Advise Ghana to Increase Banks Capital Base
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Monday advised Ghana to increase its banks capital base to contain vulnerabilities, including the risk of nonperforming loans. This is coming on the heels of the IMF’s Executive Board recommendation on the conclusion the Article IV consultation with the […]
CBN orders banks to report B’Haram, Ansaru transactions
Following the recent proscription of the violent Islamic sects, Boko Haram and Ansaru, by the Federal Government, the Central Bank of Nigeria has ordered banks to check the activities of the terrorist groups. The central bank in a letter to all banks on Wednesday, directed them to check their database […]
