Review of Developments in Banking and Finance in Third and Fourth Quarters of 2015:


2.0 CBN New Electronic Transfer Platform 4; 3.0 External Economy 9;

The Banking Sector witnessed a number of developments during the first and second quarters of 2014. These included CBN New Electronic Transfer Platform; CBN Biometric Registration for Bank Customers; CBN Revokes Licences of 83 Microfinance Banks; CBN Uniform Account Opening Form for Customers; Electronic reference Portal introduced by CBN; CBN Refunds N13bn excess charges to Customers and CBN limits Government stake in banks to 10%.other developments during the period under review included the appointment of new CBN governor; Redeployment of Deputy Governor in CBN; Extension of Parallel Run of Pillar 1 of Basel II Implementation; and CBN Monetary Policy Committee Meeting, which x-rays both the External and Domestic Economies, Inflation, Money Supply, Capital Market, the Naira Exchange Rate and External Sector Developments.