January 18, 2022/CSL Research With less than two weeks to the 31 January deadline fixed by the CBN for the phasing out of the old Naira banknotes, there appears to be a scarcity of new notes as many banks, Automated Teller Machines (ATMs), and Point of Sale (PoS) outlets are […]
Money Market
CBN Releases Approved Guidance on Ultimate Beneficial Ownership of Legal Persons and Legal Arrangements
January 17, 2023/CBN The Central Bank of Nigeria (Anti-Money Laundering, Combating the Financing of Terrorism and Countering Proliferation Financing of Weapons of Mass Destruction in Financial Institutions) Regulation 2022 requires financial institutions to understand the structure of legal persons and legal arrangements and undertake customer due diligence to mitigate the […]
Access Holdings Says Acquisition of Kenyan-Based Sidian Bank Incomplete
January 16, 2023/NGX Access Holdings Plc trading as Access Corporation on June 8, 2022, announced that its flagship subsidiary, Access Bank Plc (‘the Bank’) has entered into a binding agreement with Kenyan-based Centum Investment Plc for the acquisition of the entire 83.4% shareholding held by Centum in Sidian Bank Ltd […]
