By Peter OBIORA InvestAdvocate London (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) has directed Banks and other Financial Institutions to have additional Know Your Customer (KYC) requirement in respect of designated Non-Financial Businesses and Professions (DNFBPs). The CBN in a Circular dated August 02 2012 with reference number FPR/CIR/GEN/VOL.1/028 to Money […]
Tag: Banks
Nigeria’s Central Bank issues revised guidelines on Lending Windows
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Friday issued a revised guideline to all Banks and Discount Houses in Nigeria on how to access the CBN’s Lending Windows and Repurchase Transactions. This is contained in a Circular dated July 26 2012 with reference number BSD/DIR/ GEN/LWR/ […]
Visa, MasterCard, banks in $7.25 billion retail settlement
By Jessica Dye Visa Inc, MasterCard Inc and banks that issue their credit cards have agreed to a $7.25 billion settlement with U.S. retailers in a lawsuit over the fixing of credit and debit card fees in what could be the largest antitrust settlement in U.S. history. The settlement, if […]
