Tag: Nigeria Economy
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United Kingdom commits $10m to SDG outcomes fund in Africa
Established as a partnership with UBS Optimus Foundation as lead investor and Bridges Outcomes Partnerships, a specialist not-for-profit entity, as fund manager, the Fund uses an innovative blended finance structure to invest in impact bonds and similar outcomes-based contracts that support the UN Sustainable Development Goals. It targets essential healthcare, education, employment, child protection and…
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CBN directs banks to obtain social media handles of customers
The Central Bank of Nigeria CBN has directed banks to obtain the social media handles of customers as part of enhanced Customer Due Diligence, CDD, regulations. The directive was contained in the CBN, Customer Due Diligence Regulation 2023 issued over the weekend via a circular signed by the Director, Financial Policy and Regulation Department, CBN,…