February 2, 2016/CBN Objectives The objectives of these Guidelines are to – complement and enhance the provisions of the Free Zones (FZs) Acts; provide details of regulatory and supervisory requirements necessary to promote efficient and sustainable banking services in Nigeria’s FZs; spell out details of permissible and prohibited activities of […]
Tag: Guidelines
NDIC Release Deposit Insurance Guidelines on Mobile Payments System
January 18, 2016/NDIC Following the introduction of mobile banking in Nigeria by the Central Bank of Nigeria (CBN) which issued operating licences to many deposit money banks (DMBs) and telecommunication companies to provide mobile banking services, the Nigeria Deposit Insurance Corporation (NDIC) has released deposit insurance guidelines on the mobile […]
IMF Publishes Revised Guidelines for Foreign Exchange Reserve Management
Press Release The Executive Board of the International Monetary Fund (IMF) endorsed the Revised Guidelines for Foreign Exchange Reserve Management on February 13, 2013. Application of these guidelines should strengthen the international financial architecture, promote policies and practices that contribute to stability and transparency in the financial sector, and reduce […]
