The new law repeals the extant Banks and Other Financial Institutions Act 1991 as amended, to enhance the soundness and resilience of the financial system for sustainable growth and development of the Nigerian economy.Continue Reading
CBN also said the banks and other financial institutions would continue to apply the Know-Your-Customer principle and Customer Due Diligence as specified in the CBN (AML/CFT in banks and Other Financial Institutions in Nigeria) Regulations, 2013.Continue Reading
“The financial system has been abused and it is baffling that one man would be owing six banks in the same country; it can’t happen anywhere else", Former President, Trade Union Congress, Peter Esele said.Continue Reading
NEWSMAN is owned by Journalists Resource Center (JRC). It is a news medium run by media professionals with wide experience in the Nigerian and international broadcast and print media.
NEWSMAN is meant to provide our readers with News, Investigative reports, Exclusive Interviews, News Analysis, Press Releases and our personal experiences as newshounds (Journalists) in Nigeria and the world.
Our expertise in news, media and public relations management has helped to keep NEWSMAN up throughout the years beginning from 2010 when it commenced as a news group before transiting to a newsblog and finally becoming a website and online television channel in 2014.