CBN guidelines

JUST IN: CBN Bans Use Of Foreign Currency As Naira Loan Collateral

Apr 8, 2024. by Ekohot Editor

Eko Hot Blog reports that the Central Bank of Nigeria (CBN) has directed all banks to stop the use of foreign currency-denominated collaterals for naira loans. Adetona Adedeji, acting director of the banking supervision department at CBN, disclosed this in a statement on Monday. Editor’s Picks JUST IN: Court Orders Remands Of Emefiele In EFCC … Read more

CBN Guidelines To Scrutinize Accounts Of Nigerian Senators, Reps, Others

Jun 26, 2023.Jun 26, 2023. by Praise Ben

The CBN has released guidelines for banks to scrutinize Nigerian senators and politicians’ accounts. The guidelines require enhanced due diligence, identity verification, and transaction monitoring for suspicious activity. Politicians’ accounts will face closer scrutiny, increased investigation likelihood, and potential withdrawal restrictions. EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) has released new … Read more