The occurrence of Card Present Fraud in Non-EMV environments is on the increase, especially when International hybrid cards issued by Nigerian banks are used in non-EMV environments like the USA. It has therefore become necessary for the Bank to issue the following directives;
Please recall that the Central Bank of Nigeria issued a circular dated October 24, 2014 and referenced BSD/DIR/GEN/LAB/037, titled "Prudential Regulation for the Management of Foreign Exchange Risks of Banks."
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin I. Emefiele, CON has charged Nigerians not to panic over recent developments in the countrys foreign exchange market, which has seen the Naira witness some depreciation.
Ag. Director General of the Securities and Exchange Commission (SEC) Mounir Gwarzo has assured Nigerians that the Commission will continue to ensure that the market remains vibrant in order to attract investors both locally and internationally.
Acting Director General of the Securities and Exchange Commission (SEC) Mournir Gwarzo has again emphasized on investorsí education both for retail and institutional to develop the market and improve the level of investment from the domestic side in the country.
This is to inform Bureau De Change (BDC) Operators and the general public that as part of the ongoing review of developments in the foreign exchange market and in order to deepen the BDC's segment, the weekly forex cash sales to BDCs have been reviewed upward from $15,000.00 to $30,000.00 per BDC, with effect from Wednesday January 28, 2015 auction. While, the CBN will sell to BDCs weekly at the prevailing interbank rate, the BDCs are expected to sell to the public at not more than 3.5% above the CBN selling rate.
The Monetary Policy Committee (MPC) met on January 19 and 20, 2015 against the backdrop of challenging external conditions and downside risks in the domestic economic environment. In attendance were all the eleven members of the Committee. The Committee reviewed key external developments as well as domestic economic and financial conditions and outlook for 2015.
In its recent amendments to the Nigerian Stock Exchange Listing Rules, which came into effect in November 2014, the Nigerian Stock Exchange (NSE) provided guidance to listed companies on the timing and nature of certain announcements and also clarified the rules prohibiting insider dealing.