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Home Tag Archives: Unlicensed foreign firms

Tag Archives: Unlicensed foreign firms

Banking & Finance

CBN to sanction banks supporting unlicensed foreign firms

By Breezynews
9 May 2023
in :  Banking & Finance
0
105

The Central Bank of Nigeria has said that it would sanction banks assisting the operations of unlicensed foreign firms. In its ‘Guidelines for the Regulation of Representative Offices of Foreign Banks in Nigeria’, signed by its Director of Financial Policy and Regulation, Muhammad Musa and released on Monday, the regulatory bank stated: “Any CBN regulated entity found to be assisting, …

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