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Hostile Take Over : CBN Limits Acquisition of Shares in First Bank, Access Bank, Others to 5 Per Cent

Stake Acquisition In HoldCos Has Restricted

Stake Acquisition In HoldCos Has Restricted
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CBN Extends Bank CEOs Tenure

The Central Bank of Nigeria (CBN) has extended the tenure of Chief Executive Officers (CEOs) of commercial banks in the country by two years. This was announced in a circular signed by Mr Chibuzo Efobi. Before now, chief executives of financial institutions were allowed to remain in office for a maximum of 10 years, but |

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