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Tag: Central Bank of Nigeria
CBN warns – banks to pay N10,000 fine if money transfer exceeds four minutes
September 18, 2018
The Central Bank of Nigeria (CBN) says banks will pay a fine of N10,000 for every money transfer that exceeds four minutes. The apex bank made this known in a circular, ‘Circular on the regulation ...
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Stanbic IBTC Ventures surrenders operating license
September 7, 2018
Stanbic IBTC Ventures Limited says it has surrendered its license as a ventures capital manager. In a notice sent to the Nigerian Stock Exchange on Friday, the company said it surrendered the license voluntarily. A ...
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CBN debits accounts of fined banks over MTN’s ‘illegal’ repatriation
September 7, 2018
The Central Bank of Nigeria (CBN) has debited the accounts of three banks in relation to the fine placed on them for allegedly helping MTN repatriate $8.1 billion illegally. In a notice sent to the ...
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