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Posts matching Nigeria

Central Bank of Nigeria Act

2016-12-20 10:30 AM | by Nigeria Compliancehub

This is an Act to repeal the Central Bank of Nigeria Act 1991 and to establish the Central Bank of Nigeria Act; and for related matters. 

The principal objects of the Bank shall be to ensure monetary and price stability; issue legal tender currency… Read more

Community Banks Act

2016-12-20 11:25 AM | by Nigeria Compliancehub

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

Mortgage Institutions Act

2016-12-20 11:35 AM | by Nigeria Compliancehub

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

Financial Reporting Council of Nigeria Act

2016-12-20 12:13 PM | by Nigeria Compliancehub

This Act seeks to establish the Financial Reporting Council of Nigeria (FRCN) charged with the responsibility for, among other things, developing and publishing accounting and financial reporting standards to be observed in the preparation of financial statement of… Read more

Federal Mortgage Bank of Nigeria Act

2016-12-20 4:03 PM | by Nigeria Compliancehub

This is an Act to establish the Federal Mortgage Bank of Nigeria to provide long-term credit facilities to mortgage institutions in Nigeria and encourage and promote the development of mortgage institutions at the rural, local, State and Federal levels.
Read more

Ex-bankers sue CBN and NDIC

2017-01-16 10:19 AM | by Nigeria Compliancehub

Ex-bankers of eight non-consolidated banks have sued the Nigeria Deposit Insurance Corporation (NDIC), Central Bank of Nigeria (CBN) and four acquirer banks over unpaid N9.8 billion terminal benefit 11 years after disengagement from the services of the non-consolidated banks. The action was filed through the Registered Trustees of… Read more

Ponzi shemes: Nigerians must stop being greedy - SEC DG

2017-01-23 3:00 PM | by Nigeria Compliancehub

                                   

Mr Mounir Gwazo, Director-General, Securities and Exchange Commission (SEC) told the News Agency of Nigeria (NAN) in Abuja that for Ponzi schemes to be eradicated, Nigerians must stop being greedy.

“The fundamental solution to this Ponzi scheme has to do with our own attitude as people.… Read more

NDLEA to assist families with drug-related problems

2017-02-01 10:58 AM | by Nigeria Compliancehub


The National Drug Law Enforcement Agency (NDLEA) says it will assist families that have children and wards with drug-related problems to overcome the challenge. The Commander of the agency in Kogi, Alhaji Idris Bello, said this while briefing newsmen on Tuesday in Lokoja.

 Bello, who advised youths to… Read more

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