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
This is an Act to establish an Autonomous Foreign Exchange Market and to provide for the monitoring and supervision of the transactions conducted in the market and for matters connected therewith.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
Guidelines for the Operation of the Asset Management Corporation of Nigeria (AMCON) seeks to designate the class of bank asset that qualify as Eligible Bank Assets, regulate the regime for the valuation and acquisition of Eligible Bank Assets and to regulate the regime for administration, realisation, management and disposal of… Read more
Nigeria’s foreign reserves have grown to $28.12 billion, according to the latest figures from the Central Bank of Nigeria (CBN) for January 2017. The reserves fell to $23.95 billion in October 2016, stoking fears among foreign investors on the country’s ability to settle dollar-denominated obligations in the midst… 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
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
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