The Securities and Exchange Commission has begun reviewing J.P. Morgan Chase & Co.'s disclosures related to the $2 billion trading loss announced by the company Thursday, according to a person familiar with the matter.
The review is at an early stage and
As a follow up to the certification programme for microfinance banks, the Central Bank of Nigeria (CBN) in collaboration with the Nigeria Deposit Insurance Corporation (NDIC) and Financial Institutions Training Centre (FITC)will be organising a one-week m
Determined to effect a seamless adoption of the International Financial Reporting Standards (IFRS), the Central Bank of Nigeria (CBN) and commercial banks have contributed N500 million towards the project which requires all the banks to be fully compl
In continuation of its developmental role in the Nigerian economy, the Central Bank of Nigeria has developed an Exposure Draft on Financial Inclusion Strategy for Nigeria. The draft was prepared by a German-based Consultancy firm, Messrs Roland Berger in
The attention of the Central Bank of Nigeria (CBN) has been drawn to several comments in the public domain insinuating that the CBN neither audits its accounts annually nor presents same to the Government of the Federation, in line with statutory requirem
As part of efforts to support business operations and enhance productivity to achieve Operational efficiency, the Central Bank of Nigeria requires the implementation of an Enterprise Document Management Solution (EDMS), Business Process Management (BPM) S