CBN orders closure of money transfer operators’ naira accounts
The Central Bank of Nigeria (CBN) has instructed deposit money banks (DMBs) to close all naira accounts of international money ...
Tag: deposit money banks
Digital currency threat to financial stability – Ibrahim, NDIC boss
According to Ibrahim, the proliferation of digital currency like Bitcoin has led to the partial disintermediation of the banking system. ...
Tackling illicit financial flows in Africa
The high level of illicit financial flows from Africa and its debilitating impact on the economies of Nigeria and the ...
Lending: OPS laments government’s crowding out of private sector
As credit to sector drops by N600bn The financial constraints rocking Nigeria’s private sector worsened in second quarter of this ...
SMEs and the challenge of access to capital
The number of Nigerians without access to credit facilities is reported to have reached an all-time high of 98 percent, ...
