Banks plot strategies to beat CBN’s ban on Shareholders’ Funds

Deposits Money Banks (DMBs) operating in the country may have devised an ingenious way of circumventing the Central Bank of Nigeria’s (CBN) insistence on allowing only paid-up capital and share premium for banks new capital requirement, Business Hallmark can report. According to BH findings, most banks may end up paying their shareholders jumbo dividends, which […]

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