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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 loan), sources of loan, 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

In order 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 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

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