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AllAfrica News: Banking and Insurance

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Liberia: CBL Raises Bank Capital Threshold By 50 Percent in Push to Strengthen Financial System
[FrontPageAfrica] Monrovia -- The Central Bank of Liberia (CBL) has announced a significant policy shift aimed at reinforcing the country's banking sector, mandating an increase in the minimum capital requirement for commercial banks from US$10 million to US$15 million.

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Nigeria: CBN Should Revisit Its New Pos Rule
[Vanguard] The Central Bank of Nigeria, CBN, has never lacked the impulse for reforms. Its recent directive restricting each Point-of-Sale, PoS, operator to a single terminal is clearly born of a noble intent: to sanitise an informal sector that has occasionally become a playground for bad actors.

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Nigeria: Ogbue - Former UBA Chairman Remembered for Leadership, Institutional Reforms
[Vanguard] *Tinubu, Elumelu, others pay tribute

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Nigeria: Banks Answerable to FCCPC, Court Declares
[Daily Trust] A Federal High Court in Abuja on Wednesday ruled that banks fall under the jurisdiction of the Federal Competition and Consumer Protection Commission (FCCPC), dismissing a challenge by United Bank for Africa (UBA) Plc

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Nigeria: NCC, CBN Sign MOU for Consumer Safety, Fraud Protection
[This Day] The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have signed a Memorandum of Understanding (MoU) to safeguard consumers against fraud while opening opportunities for them to leverage the potentials of the telecommunications and financial sectors.

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