The
Central Bank of Nigeria has taken on an expanded role in oversight, regulation and thought leadership
The Act provides for 'a part-time Chairman who shall be a Deputy Governor in the
Central Bank of Nigeria to be nominated by the
Central Bank of Nigeria.'
The TSA, introduced by the Federal Government of Nigeria in 2012, consolidates all inflows from the country's ministries, departments and agencies (MDAs) by way of deposit into commercial banks, traceable into a single account at the
Central Bank of Nigeria. It was established in order to reduce the proliferation of bank accounts operated by MDAs and to promote financial accountability among governmental organs.
The
Central Bank of Nigeria bailed out eight banks, including Intercontinental, with N620bn ($4bn) in 2009.
The bank had applied to the
central bank of Nigeria for a National Commercial Banking Licence under a stand-alone operating model.
The
Central Bank of Nigeria (CBN) on Monday published the consumer protection framework, guidelines on disclosure and transparency.
The
central bank of Nigeria has said that it would conduct spot checks on banks to ensure their liquidity.
MoneyGram (NASDAQ: MGI) has reported the continuity of its operations in Nigeria, following recent market developments as the
Central Bank of Nigeria (CBN) changed its policy on how remittance companies can continue to provide money transfer services in Nigeria, the company said.