This is an Act to prohibit the sale, disposal or parting with possession of a motor vehicle on which a bank loan is still outstanding and to require the licensing authority to enter all particulars on the loan in the register.Read more
An Act to regulate banking and other financial institutions and for matters connected therewith.
This is an Act to provide for the establishment of Community Banks and to establish their functions which include accepting from persons various types of deposits, including savings and time and target deposits; issuing for… Read more
An Act to make provisions for establishment and licensing of mortgage institutions to grant loans and advance to individuals for the purchase or construction of a dwelling house; improvement or extension of an existing dwelling house; and to accept savings and deposits from members of the… Read more
The Central Bank of Nigeria (CBN) said on Monday that it would sanction Money Deposit Banks (MDBs) still collecting payments under the Nigerian Content Development Fund without remitting same to dedicated account opened for the fund at the apex bank.
The News Agency of Nigeria (NAN) reported that… Read more
Nigerian naira is expected to firm up in the coming days, as the Central Bank of Nigeria (CBN) again injected $418m into foreign exchange market.
The intervention, came a day after the Apex bank injected about $413 million - which cut across various segments of the inter-bank forex… Read more