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The incentive program was introduced to encourage recipients of dollars to use formal banking channels and help the central bank capture such inflows.
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The incentive program was introduced to encourage recipients of dollars to use formal banking channels and help the central bank capture such inflows.
By Wednesday night, Emefiele and some of the governors of the central bank had made up their mind to sack the board of both...
Mr Emefiele stated that the apex bank had been keeping close tabs on First Bank over the past 5 years.
The lower interest expenses reflected the 36.7% YoY and 18.7% YoY declines in interest costs on term deposits and debt securities respectively.
The CBN claimed that the tenure of Mr. Adedutan was yet to expire and that they were also not aware of any misconduct of...
CBN instructed FBN to diversify the equity investments in all non-permissible entities within 90 days.
According to the findings, only 30 percent of MFBs would be able to meet the April 2021 deadline.
Shobo formerly served as executive director overseeing the retail banking/public sector businesses in the Lagos & West directorate.
The bank increased its customer deposits by N56 billion, predominantly low-cost deposits in spite of difficult economic and industry conditions.
On the cost side, Operating Expenses grew by 10.1 percent to N249.8 billion, as against N217.2 billion in 2019