Highlights of the New CBN Guidelines for Charges by Banks and Other Financial Institutions

Highlights of the New CBN Guidelines for Charges by Banks and Other Financial Institutions

Nairametrics| The Central Bank on Nigeria released a new set of guidelines to charges for banks and other financial institutions last week. The new charges are effective May 1 2017. Here are the key things you need to know about these charges. (You can download the guidelines by following the link above, and then read through with the […]

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Highlights of the Federal High Court (FHC) Judgment on the Central Bank of Nigeria Circular which Mandates Banks and other Financial Institutions to Enforce Collection of ₦50 Stamp Duty on Electronic Transfers and Teller Deposits from ₦1,000 and above

Highlights of the Federal High Court (FHC) Judgment on the Central Bank of Nigeria Circular which Mandates Banks and other Financial Institutions to Enforce Collection of ₦50 Stamp Duty on Electronic Transfers and Teller Deposits from ₦1,000 and above

Deloitte| A Federal High Court (FHC) on 13 March 2017, delivered a judgment on the validity of the circular issued by Central Bank of Nigeria referenced CBN/GEN/DMB/02/006, in the case between Retail Supermarkets Nigeria Limited (AKA Shoprite) and the defendants Citibank Nigeria Limited (Citibank) and Central Bank of Nigeria (CBN). The issue considered in the case […]

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