SEC Sets Fresh Rules On Collective Investment Schemes
The Securities and Exchange Commission (SEC) has released rules for collective investment schemes (CIS) prescribing that units of a collective investment scheme shall be registered by the Commission.
According to the new rules, units subject to registration by...
CBN Reveals Revised Clearing System Rules For Banks
The Central Bank of Nigeria said on Wednesday that it had revised the clearing system rules for Deposit Money Banks.
The Director, Banking and Payments System Department, CBN, Dipo Fatokun, in a circular issued to banks, mobile money...
CBN Introduces New Anti-money Laundering Rules
The Central Bank of Nigeria (CBN) has rolled out a new set of penalties for organisations that flout its Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) rules.
The central bank stated this in a circular titled: “CBN Anti-Money...
