The plan in the Petroleum Industry Bill to list the National Oil Company and the Nigerian Gas Company on the Exchange, if actualised, will deepen the market, Udeme Ekwere writes Following the meltdown that rocked major global economies including the Nigerian capital market in 2008, regulators have been involved in […]
Tag: Central Bank of Nigeria
MPC decision: Borrowing cost to rise by 5%
Following the decision of the Monetary Policy Committee to increase the cash reserve requirement, financial analysts have said that borrowing cost will shoot up by a maximum of five per cent. The Managing Director, Financial Derivatives Company Limited, Mr. Bismark Rewane, said in a report made available to our correspondent […]
CBN direct Banks to improve on KYC
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 […]
