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Setting the Template for Secure Digital Economy

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Abuja federal capital territoryUche uwalekeEdward lamekek adamuRakiya yusufInterswitch akeem lawalMusa jimohKelvin amugoJames emejoChuks anakudoGodwin emefieleCentral bank digital currencyAbuja branchInstitute of bankers nigeriaGovernor of the central bankCorporate services directoratePayments system management department

CBN plans to strengthen risk management in OFIs

Vanguard News CBN plans to strengthen risk management in OFIs On The Central Bank of Nigeria (CBN) has taken moves to strengthen risk management in the financial services subsector categorized as Other Financial Institutions (OFIs), mainly mortgage banks, Finance Houses and micro-finance banks. The move is aimed at taking holistic action against chronic debtors in the subsector. The apex bank said that the move against bad debtors has equally prompted the need to extend its Credit Risk Management System (CRMS) to the OFIs in the country, after a successful implementation of the CRMS in the mainstream money banks. This measure is contained in a circular titled, ‘Credit Risk Management System: Commencement of Enrolment of all Development Finance Institutions, Microfinance Banks, Primary Mortgage Banks and Finance Companies, issued by the apex bank and signed by its Director, Financial Policy and Regulation Department, Kelvin Amugo.

Kelvin amugoPeter egwuatuBank verification numbersRegulation departmentDevelopment finance institutionsCentral bankKindly share this storyFinance housesRisk management systemMicrofinance banksPrimary mortgage banksFinance companiesFinancial policyTax identification numbersShare this storyவங்கி சரிபார்ப்பு எண்கள்

CBN to clamp down on bad debtors to OFIs

CBN to clamp down on bad debtors to OFIs The Punch Published 2:01 am The Central Bank of Nigeria has said it will extend its Credit Risk Management System to the other financial institutions in the country to protect them from bad debtors. It said this became imperative after it had successfully implemented it in other lending institutions in the country. The CBN said this in a circular signed by the Director, Financial Policy and Regulation Department, Kelvin Amugo, titled ‘Credit Risk Management System: Commencement of enrolment of all Development Finance Institutions, Microfinance Banks, Primary Mortgage Banks and Finance Companies’ on Monday.

Kelvin amugoRegulation departmentDevelopment finance institutionsCentral bankNike popoolaRisk management systemFinancial policyMicrofinance banksPrimary mortgage banksFinance companieஒழுங்குமுறை துறைவளர்ச்சி நிதி நிறுவனங்கள்மைய வங்கிஆபத்து மேலாண்மை அமைப்புநிதி பாலிஸீநுண்நிதி வங்கிகள்

CBN extends interest rate cut on intervention facilities by one year

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