The Chartered Institute of Bankers of Nigeria has harped on the significance of the banking and foreign exchange market reforms, saying they are in the interest of the country.
The 23rd President and Chairman of Council, CIBN, Prof. Pius Olanrewaju, said this during his investiture in Lagos, over the weekend, committing the institute’s readiness to support the sector with all that is needed during his administration, through stakeholders’ engagement, advocacy, seminars, training and capacity building.
Noting that millions of Nigerians remain underserved, he urged that the CIBN redouble its efforts to promote financial literacy and foster inclusive growth. Adding that the National Assembly was in the process of amending the CBN Act, NDIC Act and other enabling legislations in line with contemporary developments and global standards, he urged the new CIBN president to continually sustain the struggle to a throne professional excellence, especially, through the implementation of the competency framework to endure that only fit and proper persons work in the banking sector.
Nigerians can now heave a sigh of relief as the Central Bank of Nigeria has withdrawn the controversial cybersecurity levy. In a circular with reference number PSM/DIR/PUB/LAB/017/005, dated May 17, 2024, addressed to all commercial, merchant, non-interest, and payment service banks, other financial institutions, mobile money operators, and payment service providers, the CBN confirmed…
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