CBN Bans Special Treatment For Payment Service Banks
The Central Bank of Nigeria has prohibited parent companies or any other related entities of a Payment Service Banks from offering any preferential treatment, which negates fair competition, to its subsidiaries.
This was contained in a circular to...
CBN Suspends Intervention-loan Repayment For A Year
The Central Bank of Nigeria has said it is giving one-year moratorium on all principal repayments for COVID-19 intervention loans through its participating Other Financial Institutions with effect from March 1, 2020.
The apex bank said this in a...
