Central Bank Of Nigeria news

The Bankers Committee on Thursday, October 4, those who “spray” naira notes at parties risk going to jail for six months or earning a fine of N50,000 after trial by mobile courts that would be deployed nationwide.

The apex bank in Nigeria, Central Bank (CBN), has vowed to revoke the operating licences of not less than 182 microfinance institutions in the country, adding that those affected banks are financial firms across the federation.

The apex bank said the receiving entity should notify the customer about the consequences of not funding the account within 24 hours, which included watch-listing in the banking industry, credit bureau and reporting.

The Central Bank of Nigeria (CBN) said it has set aside N220 billion to be disbursed as loans to cooperative organisations under Micro Small and Medium Enterprises Development Fund (MSMEDF). The CBN disclosed this on Monday.

President Muhammadu Buhari has made new appointments into the Nigeria Security Printing and Minting Company (NSPMC), with a new managing director named as Abbas Masanawa. They were appointed after a recommendation.

In this episode of the CEOs Interview, we sat down with the Managing Director of NPF Microfinance Bank, Mr. Akinwunmi Lawal and the Executive Director of Operations, Mr. Ohanehi Jude, as they shared details on their mission.