MONDAY,NOVEMBER 19,2012
BusiNESS ~~~;; News Briefing
AlCOM targets MfBs PlANS are afoot to use mlcrofm&nu banks (~tIBs) as cNnnds of de-
:~~'F
Itp ~ dais for dustry, It was learnt.
Ill-
- Past' 26
'Access to housing finance' A K>RMER ~ Ou-ector of SlwltPr-Afriqur, Nal-
1"ObI. Kewa. Mr F P 0_ Fortune-Eb.e: tw. ~.cted thai ~ 10 t-asu\g finarn WIll ~2Cf20from 05 to JO PI"" Cl'I'It - P"se Z6
'MPC may leave rate at 12% AHEAD of tomorrow', mHung of Ihp MonPlary Policy Commlllt't' (MPC), an.JlvSls h.\.e foreast tNl thP Uonlm Baru. 01 Nlgft'UI (eBN) will leilVt' the M~ PolK)' Rl!tp (MPR) and Calih Resuve Rallo (CRR) wrlIanged at 12 Pf'!: cenl, unlll 6road-based macro-economlc nabllll)" hu bftn acruf'\'eci - Pag e 30
CBN begins phased execution of 'Guide to Bank Charges'
T
HE Central Sank of Igenlln (CBN) has
-.gun. p""" =p!o-
mmtaoon oi 'Gwdp 10 Ifanl..
Charges'
trilbon -Z5.1Utriliion -SIO,I;.& trillion -£61,6; trillion
- ~';'..560
Innll!ion TI'\'.sun BiI~ \oj.uimum "',,",,.-,.,..,.. Primpl~in!l;
SU' Ing§ rille "'1-day "'ITS Tim~ DePOSIt MPR
CTA
a ..
The guldelme 15 mnnl 10 prOlect bank cusIOmerS'lntert"St In !herr deahng With Iendm;, r.N.tJOn haS learnt t....t wt"ek's hftmg ofNl00 transaction fee on other banl,' Automaled Teller MachlnH (ATMs) by tht' BlInlpfs'Commltlee was 5t'ft1 .lit an initial test for the gwdduw, which 15 at Its tiM! ,tage oIl1ppl'O'lo-al, a lop t""-KUb"t' tn onp of the commereul bAnks SIId_ Tht' ape~ banL had lut Tuedot) asr-d 105lOpATM ch,u~ nit' ,,~t was the fughpolnl of a ~bng betWt'e'l tht' Banlt'fS Commillet' nvode up of Ouef Ext'CU11\'t' Officers of Opposil Monev Banks, du«tors and lop of'hci.!ll!. of the CBN and NDIC. Bdort' now, acrounl holda's piUd NIOO per ""thdnl",-al through ATMs.
h:r",~::dl:-:3d':; compl"lnts arising from ~I.: anUs and otm m15cellaneous ft"t'S charged by banl.s on their custo~' ac-
The pension
Guru
By Collins HWeB
eas to bnng tht' ff'\'le\\ complt'lIon"
10
H~Nld IhP~wilS of 10 rNUL't' the ClJll;I of NnLng and financial !ief\'loCt'S on customPrS. tnamtemenl thPCBN said sllch comrlamts arising from high bank tlriffs could th~alt'n confidt'nct' m the b.nLmg ,)",Iem 11 wid m ~"I~tns and up<Ubng the documeril on thP i::hargei, the eBN will be guidt'd b\-, ImCIflg othn factors. ~ o.J mcllWOrI. WIth emphaAS on consumer protecbOn. unit emt 01 twU-.5. and rontm'Iporary deveq.fMfI!s tn NlgPrW"' Mnllng mdustry The ""nklngwatc:hdog s~lId the gUldehnf'_ whlcn was l!i5ucii 10 the mdustry 5f'\"~fal ypan ago, 15 bemg rt'\"Iewe1::l 10 rrolt'(:1 bank
dfortJ
custo~'lnIPrt'St
It Wnftl ted the practices in b.nls. ""heft' products ~~ al'\' deployed al r..Oftlll&nt ~ts 10 thr (U5.Iomt'ft" N)"ln8 thai the high emu )u\"t' helped m disc'our"SV'S man) peoplt' from asse&mg hnanO.af St'!VK't'S. lIOmP
and
~~~~~~
b.J.nu need to be k)- partners m lIS dn\'t' for finan· if for rt'a· M)fIS of mlighlt'ned ~If-in ci.allOcI~on, t'\"en
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