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Tag Archives: Other Financial Institutions (OFIs)

CBN Sets Guidelines to Strengthen Cyber Security Resilience in Banks, OFIs

August 19, 2021 Banking and Finance, BUSINESS 0

In an effort to strengthen cyber security resilience in the sector, the Central Bank of Nigeria (CBN) on Tuesday released a framework to protect Other Financial Institutions (OFIs) against cyber attacks. This was contained in a memo by Nkiru Asiegbu, CBN’s Director, Other Financial Institutions Supervision Department, addressed to the …

CBN directs Banks, OFIs to submit compressive plans for customers by 2020

December 23, 2019 Banking and Finance, BUSINESS 0

The Central Bank of Nigeria (CBN) has directed banks and Other Financial Institutions (OFIs) to submit comprehensive plans for consumer protection, education and enlightenment on or before March 31, 2020. The Director, Consumer Protection Department, CBN, Mr. Kofo Alada in a signed document posted on the apex bank official website …