1351 Results Found

Federal Mortgage Bank Of Nigeria Act

Ministry of Finance, Budget and National Planning, Nigeria

This is an Act to establish the Federal Mortgage Bank of Nigeria to provide long-term credit facilities to mortgage institutions in Nigeria and to encourage and promote the development of mortgage institutions at the Local, State and Federal levels of government.

Nigeria 1993 Finance

Central Bank of Nigeria Loans & Access to Credit Facilities

Ministry of Finance, Budget and National Planning, Nigeria

Loans are an important source of financial relief for individuals and companies. They provide an alternative source of income that assists in meeting personal needs and achieving business expansion. This document educates financial consumers on the importance of loans, the types of loans (secured and unsecured loans), sources of loans, types of collateral, and eligibility for loans, repayment of loans, defaults and consequences. The revised Prudential Guidelines aim to address various aspects of banks’ operations, such as risk management, corporate governance, KYC and anti-money laundering/ counter financing of terrorism and loan loss provisioning. The guidelines also aim to address the peculiarities of different loan types and financing to different sectors.

Nigeria 2017 Finance

Central Bank Of Nigeria Revised Guidelines For The Registration Of Cash-In-Transit And Currency Processing Companies In Nigeria

Ministry of Finance, Budget and National Planning, Nigeria

To enhance the efficiency and cost-effectiveness of currency management, facilitate the generation of fit Naira banknotes for payment, promote the use of shared facilities to drive down currency management cost, engender healthy competition among service providers and ensure product quality, integrity and standardization in Nigeria, The Central Bank of Nigeria (CBN) mandates all companies, including deposit money banks, who are desirous of providing currency distribution and/or currency processing services in Nigeria, either for themselves or for other Deposit Money Bank(s) to register with The Central Bank of Nigeria. Therefore, this document provides information on the requirements for registration. It includes cash-in-transit operations, currency processing companies’ operations, registration of prospective companies and method of submission of application for registration.

Nigeria Finance

Banks And Other Financial Institutions Act 1991 (Amended)

Ministry of Finance, Budget and National Planning, Nigeria

This is an Act to regulate banking and other financial institutions and for matters connected therewith. It defines the powers, functions and duties of The Central Bank of Nigeria. Some of its functions include that the bank may authorize or instruct any officer or employee of the bank to perform any of the functions, exercise any powers, or discharge any of its duties under this Act, and the bank may, either generally or in any particular case, appoint any person who is not an officer or employee of the bank, to render such assistance as it may specify in the exercise of its powers, the performance of its functions, or the discharge of its duties under this act, or to exercise, perform or discharge the functions and duties on behalf of and in the name of the bank.

Nigeria 2002 Finance

Central Bank of Nigeria Act, 2007

Ministry of Finance, Budget and National Planning, Nigeria

This Act repeals The Central Bank of Nigeria Act, 1991, re-enacts a new Central Bank of Nigeria Act, 2007 and established The Central Bank of Nigeria for the promotion of a sound financial system in Nigeria and to act as banks and provide economic and financial advice to the Federal Government. It provides for the establishment of The Central Bank of Nigeria, the establishment of the board, management of the bank, establishment of the monetary policy committee, establishment of financial services regulation coordinating committee and powers to make regulations.

Nigeria 2007 Finance

Micro, Small and Medium Enterprises Development Fund (MSMEDF) Guidelines (Revised – August, 2014)

Ministry of Finance, Budget and National Planning, Nigeria

In pursuant of promoting a sound financial system in Nigeria, The Central Bank of Nigeria launched the micro, small and medium enterprises development fund (MSMEDF) on August 15, 2013. This was in recognition of the significant contributions of the micro, small and medium enterprises (MSME) sub-sector to the economy. The broad objective of This fund is to channel low-interest funds to the MSME sub-sector of the economy to enhance access by MSMEs to financial services, increase productivity and output of microenterprises, increase employment and create wealth and engender inclusive growth.

Nigeria 2014 Finance

Central Bank of Nigeria Prudential Guidelines For Deposit Money Banks In Nigeria

Ministry of Finance, Budget and National Planning, Nigeria

The Nigerian banking sector witnessed dramatic growth post-consolidation (2005) and the developments posed a lot of challenges for the industry and regulation. The initial perceptions that the Nigerian banking system was sound and insulated from the global financial crisis were misplaced. The factors that led to the creation of an extremely fragile financial system that was tipped into crisis by the global financial meltdown include Macroeconomic instability caused by large and sudden capital outflows, Major failures in corporate governance at Banks, Lack of investor and consumer sophistication, Uneven supervision and enforcement. To address these challenges, the Central Bank of Nigeria introduced a four-pillar reform programme towards enhancing the quality of banks, establishing financial stability, enabling healthy financial sector evolution, and ensuring the financial sector contributes to the real economy. In this regard, the revised prudential guidelines aim to address various aspects of Banks’ operations, such as risk management, corporate governance, KYC and anti-money laundering/ counter financing of terrorism and loan loss provisioning. The guidelines also aim to address the peculiarities of different loan types and financing to different sectors.

Nigeria 2010 Finance

5 year Policy Thrust of Central Bank of Nigeria 2019 – 2024

Central Bank of Nigeria, Nigeria

This is an Act to repeal the Electoral Act No. 2, 2006 and Independent National Electoral Commission Act, cap 15, laws of the Federation of Nigeria, 2004 and enacts the Electoral Act, 2010 to regulate the conduct of federal state and area council elections and for related matters.

Nigeria 2019 Finance

Benue State Recurrent Expenditure Law 2021

Benue State Government, Ministry of Finance, Nigeria

This is a law to make provisions for the appropriation of recurrent expenditure for the year ending 31st of December 2021 and other connected purposes.

Nigeria 2021 Finance

Benue State Revenue Law 2021

Benue State Government, Ministry of Finance, Nigeria

This is a law that makes provisions for the financing of the appropriation for the year ending 31st of December 2021 and other connected purposes.

Nigeria 2021 Finance

Bunza Local Government Audited Financial Statement for the Year 2020

Kebbi State Government, Ministry of Finance, Nigeria

This document presents the cash flows statement, statement of assets and liabilities, statement of revenue, statement of recurrent expenditure, statement of capital expenditure, and other financial statements of Bunza local government for the year ended 31st December 2020.

Nigeria 2020 Finance