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...
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...
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....
