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NFIU: Report on ISWAP moving N18bn through Nigerian banks stale

The Nigerian Financial Intelligence Unit (NFIU) says a report that N18 billion was moved by the Islamic State in West African Province (ISWAP) through the country’s financial system is stale.

CBN, NDIC to establish fund to rescue struggling financial institutions

The newly signed Banks and Other Financial Institutions Act (BOFIA) empowers the Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Corporation (NDIC) to establish a banking sector resolution fund

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