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Posts matching Banks

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

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

Jaiz Bank lists on the Nigerian Stock Exchange

2017-02-13 9:51 AM | by Nigeria Compliancehub

JAIZ Bank Plc, yesterday, joined the league of quoted companies as the Nigerian Stock Exchange, NSE, admitted its 29,464, 249,300 ordinary shares at N1.25 per share, valued at N36.8 billion on its Daily Official List.

The bank has also projected to pay its first dividend after its listing… Read more

Contribute 5% Profit To Agriculture - CBN to DMBs

2017-02-13 3:12 PM | by Nigeria Compliancehub

Mr. Ahmad Abdullahi, Director of Banking Supervision of the Central Bank of Nigeria (CBN) has disclosed, on Thursday, that all Deposit Money Banks (DMBs) in the country shall contribute 5 per cent of their annual Profit after tax to boost Agriculture.

He further said that “The Bankers’ Committee… Read more

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