Economy
The Board also approved a 12-month transition period, effective 27 April 2021.
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The Board also approved a 12-month transition period, effective 27 April 2021.
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.
Out of N5.076 trillion, the service generated N4.9 trillion in 2020 despite the nationwide lockdown occasioned by the COVID-19 pandemic.
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.
Beneficiaries of diaspora remittances through the IMTOs will have such inflows in foreign currency (US dollar) through the designated bank of their choice.