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Review of Retail Supermarket Nig. Ltd v. Citibank Nig Ltd & CBN

Review of Retail Supermarket Nig. Ltd v. Citibank Nig Ltd & CBN

by Legalnaija | Mar 24, 2017 | Uncategorized

Background Following a decision of the Federal High Court in Suit No: FHC/L/CS/1710/2013: Kasmal International Ltd v. Central Bank Nigeria, the Central Bank of Nigeria (CBN) issued a circular dated January 15, 2016 to all Deposit Money Banks to the effect that...
New CBN Guidelines For Banks On The Treatment Of Dishonoured Or Dud Cheques – Bolanle Oduntan, Esq.

New CBN Guidelines For Banks On The Treatment Of Dishonoured Or Dud Cheques – Bolanle Oduntan, Esq.

by Legalnaija | Sep 1, 2016 | Uncategorized

The Central Bank of Nigeria has issued new guidelines to all banks on dishonoured or dud cheques. It is instructive for individuals and businesses to understand these guidelines which take effect from 28th June, 2016 and the consequence of issuing dud cheques. As...
Tochukwu Chikwendu – CBN OTC Fx Futures: Understanding The Derivatives Market

Tochukwu Chikwendu – CBN OTC Fx Futures: Understanding The Derivatives Market

by Legalnaija | Jul 13, 2016 | Uncategorized

By: Tochukwu Chikwendu  The Central Bank of Nigeria (CBN) recently removed the peg on Nigerian currency (Naira) and officially announced a floating rate. The implication therefore is that the value of Naira will be determined by the forces of demand and supply....
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