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The CBN announced that it would maintain its Ways and Means Advances to the Federal Government at a 5 percent limit for the 2024-2025 fiscal years, in contrast to a bill passed by the National Assembly. The Central Bank of Nigeria has provided clarifications regarding the “Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for […]
Comply with KYC Laws or Face Consequences,’ EFCC Warns Extractive Industries
These laws mandate financial institutions to verify customer identities and monitor transactions for suspicious activity. Lawal said, “The extractive industry is particularly vulnerable to fraud and corruption, with schemes spanning different segments, including upstream, midstream, and downstream. This can result in significant revenue loss for the government and individuals. “Know Your Customer (KYC) compliance is […]
Police confirm death of AIG Babas
Babas, who was due for retirement in two weeks time died suddenly at the Federal Medical Centre, Lokoja on January 14 Source: Pulse Nigeria [logo-slider] See also Bridging the Gap: Making Diabetes Technology Accessible in Africa