Philip Clement – Abuja The Central Bank of Nigeria has directed all financial institutions and mortgage banks to eliminate interest rate and lending fees on goods and services rendered to customers. In a circular signed by the Director, Financial Policy and Regulations of the bank, Kelvin N. Amugo, the apex bank said the decision was […]
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has disclosed that the apex bank would invite leading telecommunication operator – MTN and the four banks sanctioned recently for capital repatriation to prove their cases. The four banks are: Standard Chartered Bank, Stanbic-IBTC, Citibank, and Diamond Bank. Emefiele gave the hint on Tuesday […]
.As Naira stabilises at FX markets Motolani Oseni There are indications that the Federal Government of Nigeria, through the Central Bank of Nigeria (CBN) has tightened liquidity to support the nation’s currency, Naira, through the sales of fresh N98 billion worth in Treasury Bills (TB) securities on Thursday, after it auctioned N133.25bn on Wednesday. On […]
The Central Bank of Nigeria (CBN), has ruled out transactions in bitcoin and other virtual currencies by any bank in the country. The apex bank, in a circular to all banks on Tuesday, signed by its Director of Financial Policy and Regulation Department, Kelvin Amugo, said the move was necessitated by money laundering and terrorism […]