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Tag "Chibuzo Efobi"

Money laundering: Be wary of transactions from Cameroon, Vietnam, CBN tells banks

    Money laundering: Be wary of transactions from Cameroon, Vietnam, CBN tells banks

The Central Bank of Nigeria (CBN) has asked banks and other financial institutions to pay particular attention when conducting transactions with businesses and individuals in certain countries. The countries specified

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N15m licensing fee, no deposit collection… CBN sets guidelines for foreign banks in Nigeria

    N15m licensing fee, no deposit collection… CBN sets guidelines for foreign banks in Nigeria

The  Central Bank of Nigeria (CBN) has released an exposure draft of the guidelines for the regulation of representative offices of foreign banks in Nigeria. CBN said this in a

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CBN makes U-turn, returns interest rate on intervention loans to 9%

    CBN makes U-turn, returns interest rate on intervention loans to 9%

The Central Bank of Nigeria (CBN) has reversed the five percent interest rate on all its intervention facilities to nine percent per annum. The CBN said this in a circular

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