22/4/2016/UBA Following a 3-day Forum which was held in Lagos, Nigeria between April 6 & 8, 2016, United Bank for Africa (UBA) Plc Chairman Mr. Tony Elumelu formally inaugurated a Group Board Meeting as a platform for group integration, bonding and knowledge sharing. 90 participants comprising of the entire Board […]
Tag: KYC
Investors to receive dividends in 24 hours – SEC
February 11, 2016/SEC For the first time in the history of any capital market in Africa, investors in the Nigerian Capital market are now to get dividend payment within 24 hours through the e-Dividend Payment Platform. Director General of Securities and Exchange Commission (SEC) Mounir Gwarzo made this disclosure at […]
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 […]
