The Central Bank of Nigeria has released the Nigerian Payment Systems Risk and Information Security Management Framework to guide the management of risks associated with payment systems in the country.
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Some bank customers in the Federal Capital Territory have appealed to the Central Bank of Nigeria to improve its monitoring on banks to ensure strict compliance to the new guidelines.
Kofo-Abdulsalam Alada, the Director, Consumer Protection Department of CBN, said this at a workshop for business editors and members of the Finance Correspondents Association of Nigeria on Thursday in Yola.
The Senate said that the non-remittance from the financial institutions was through the Nigeria Inter -Bank Settlement Systems, a subsidiary of Central Bank of Nigeria from 2013 to 2016.
The CBN Deputy Governor, Corporate Services, Edward Adamu, made this known at the ongoing 28th Seminar for Finance Correspondents and Business Editors in Owerri on Tuesday.
The CBN Deputy Governor, Corporate Services, Edward Adamu made this known at the ongoing 28th Seminar for Finance Correspondents and Business Editors in Owerri on Tuesday.
The disclosure was made in Abakaliki by the Apex Bank’s Branch Controller in the State, Chris Adayi, when he paid an official visit to Governor David Umahi during Wednesday’s State Executive Council session.
Etuokwu said the monetary policies by the apex bank had also helped in sanitising the banking industry, restoring people’s confidence in the sector.
NECA’s Director-General, Timothy Olawale, who raised the concerns in a statement on Saturday in Lagos said that effective monitoring mechanism should be put in place to avert the negative effects.
Emefiele said this at the first convocation lecture of Edo State University, Iyamho, Auchi on Friday.
The NewsDigest’s Editor and webmaster were arrested in a gestapo-like style for publishing an investigative news story, titled: “Inside Kwara factory where Indian hemp smoking is legalized.”
President Muhammadu Buhari on Tuesday mandated the Central Bank of Nigeria to make special funds available for the production of textiles and garments locally.
The CBN made this known in a guideline released on its website on Monday.
The Rice Farmers Association of Nigeria, Niger State chapter on Saturday said the Central Bank of Nigeria has approved the participation of 12,000 members in the 2019 Anchor Borrowers Programme.
The Central Bank of Nigeria has opposed plans by MTN to charge their subscribers for Unstructured Supplementary Service Data access to banking services from October 21.
This was disclosed by the Director, Corporate Communications Department, Isaac Okoroafor.
The bank said this in the Currency Operations 2018 Annual Report, posted on its website.
The bank said this in the 2018 Annual Report on the National Financial Inclusion Strategy Implementation posted on its website.
A Federal High Court in Ibadan, on Friday ordered the Economic and Financial Crimes Commission to produce the 106 boxes, containing the N900 million allegedly stolen by two workers of Zenith bank PLC.
The Central Bank of Nigeria says 1,140,854 farmers have participated in the production of 17 different agricultural products under its Anchor Borrowers Programme.