By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) last weekend said it’s currently reviewing the extant Guide to Bank Charge, which came into effect on April 1, 2013. The CBN says the review which is in line with the philosophy of periodically ensuring that the provisions of the guide […]
Tag: Other Financial Institutions
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 […]
