The Nigeria security crisis has been deepened in a complex and multifaceted challenge, touching every …
Read More »CBN directs banks to stop the payment of dividends, bonuses, foreign investments
The central bank of Nigeria (CBN) has issued a new directive that instructs banks operating under regulatory tolerance to suspend the payments of dividends, defer bonuses for managers and stop investments in foreign branches or offshore initiatives. This temporary suspension, according to CBN, is part of a strategy to strengthen capital buffers, improve the resilience of the budget and guarantee …
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