Financial sector shrinks further as CBN hits 42 MFBs
The Central Bank of Nigeria (CBN) weekend revoked the operating licences of 42 microfinance banks in the country. Nigeria Deposit Insurance Corporation (NDIC) said in its website in an announcement titled ‘Notice of closure of 42 microfinance banks’ that “This…
CSOs seek sustainable deregulation of downstream petroleum sector
A consortium of Civil Society Organizations (CSOs) has asked the federal government to entrench the deregulation drive of the downstream sector of the petroleum industry by enacting an appropriate legislation or embedding it as part of the Petroleum Industry Bill…
Heritage Bank’s Academy, CBN, 25 others bag CIBN’s Accreditation
The Chartered Institute of Bankers of Nigeria (CIBN) yesterday official presented Certificates of Accreditation to Heritage Bank Plc Academy known as “The Refinery” and the Central Bank of Nigeria (CBN) Learning Centre. The Institute via a Zoom virtual platform also…
Fintech Africa Brands Awards debuts
The leading financial technology and brands marketing publication in Africa, Africa Brands Magazine, has concluded plans to hosts the continent biggest Fintech Brands Awards in Lagos Nigeria in August, 28, 2020. The most innovative Fintech Brands Africa Awards is a…
Another look at new CBN’s Global Standing Instruction policy
By Innocent Orok The Central Bank of Nigeria (CBN) earlier in the week, released a new policy called Global Standing Instruction (GSI). The policy is a very welcome policy. Below, I tried to summarize the major points of the policy….
