CBN New Policy On Islamic Banking

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The Central Bank of Nigeria (CBN) has finalised plans to opt for a centralised approach to regulate Islamic Banking in Nigeria. The CBN will set up an advisory body,known as the Financial Regulation Advisory Council of Experts, that will oversee the industry in Nigeria.

CBN Plans To Salvage Naira Exchange At N197/$

The Central Bank of Nigeria, CBN, has yesterday announced plans to salvage the Naira from dropping by cancelling the official window where it sells dollar to end users through banks twice a week. According to Vanguard publication, the Naira will now be sold at the ruling inter-bank market rate indicating

Nigeria: This Is What CBN Plans On Doing With Dormant Banks Account

Nigeria’s number one bank, Central Bank of Nigeria (CBN), has laid down a set of new guidelines for the treatment and management of dormant accounts by commercial banks, Punch reports. According to CBN, the aims of the new policy is to ensure that dormant account funds are identified and routed

CBN’s New Policy On Dormant Bank Accounts

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Nigeria’s apex bank, Central Bank of Nigeria (CBN), has introduced new guidelines for the treatment and management of dormant accounts by commercial banks. According to Punch, the objectives of the policy is to ensure that dormant account funds are identified and channelled through appropriate institutions to make them more productive