CBN Plans To Strengthen Risk Management In OFIs
The Central Bank of Nigeria (CBN) has taken moves to strengthen risk management in the financial services subsector categorized as Other Financial Institutions (OFIs), mainly mortgage banks, Finance Houses and micro-finance banks.
The move is aimed at taking...
CBN To Clamp Down On Bad Debtors To OFIs
The Central Bank of Nigeria has said it will extend its Credit Risk Management System to the other financial institutions in the country to protect them from bad debtors.
It said this became imperative after it...
Banks Ordered To Return Failed Transfers in 10 Minutes
…New Regulations Commence Oct 2
The Central Bank of Nigeria (CBN) has released stiff regulations that would henceforth make it compulsory for deposit money banks and other financial service providers in the country to return failed transactions...
