Economists have asked the Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, to consider instituting a fresh recapitalisation of the nation’s banks to make them bigger than what they are currently. They spoke against the backdrop of last week’s ranking of top 1000 world banks by The Banker magazine of […]
Tag: Central Bank of Nigeria
Money Laundering Offenders Risk 2 Years Jail Term-CBN
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) has said that Money Laundering offenders will risk not less than two (2) years jail term or forfeiture of cash. This is contained in a circular with reference number FPR/DIR/CIR/GEN/03/004 dated June 26 2013 and signed by Y.B Duniya, […]
CBN reviews Bureaux de Change licence revocation
The Central Bank of Nigeria is reviewing some of the revoked licences of 236 Bureaux de Change operators with a view to ensuring that all complaints by affected companies are properly addressed. The CBN had in January this year revoked licences of 236 BDCs. But the Director, Other Financial Institutions […]
