By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Wema Bank Plc Friday said the report that the Asset Management Company of Nigeria (AMCON) will takeover the bank is false. Apart from that, the bank in a Statement obtained by InvestAdvocate said the report was also fraught with irregularities and misrepresentation of facts relating […]
Tag: CBN
Bond Yields Widen as Oil Prices Decline
Yields on the federal government’s bonds increased in April as a result of the relative decline in oil prices as well as a negative shift in global sentiment during the month. Data compiled by THISDAY showed that yields on all the seven actively traded FGN bonds increased during the month.While […]
Banks Enforce KYC Requirements for Non-financial Businesses
Deposit Money Banks (DMBs) have warned that restriction will be placed on the accounts of Designated Non-financial Businesses and Professions (DNFBPs) operators that failed to comply with the Know-Your Customer (KYC) requirement of the Central Bank of Nigeria (CBN). The CBN’s deadline for compliance with the KYC update by the […]
