Neveah Limited in Nigeria has decided to increase the salaries of its workers, citing current challenges in the country that have left many families struggling.
Commercial banks led by Zenith in Nigeria have remitted about N311 billion in income taxes to the Nigerian government in the first nine months of this year.
CBN sacks First Bank, FBN Holdings directors, retains Adeduntan as MD
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By Emma Ujah, Abuja Bureau Chief & Babajide Komolafe
The Central Bank of Nigeria, CBN, yesterday, removed the Boards of Directors of First Bank of Nigeria Limited and the FBN Holdings Plc.
The apex bank also reappointed 14 out of the 21 directors affected by the sack into the new board of the two institutions.
The CBN also reinstated Mr Adesola Adeduntan as the Managing Director/Chief Executive of First Bank of Nigeria. Adeduntan was earlier sacked as MD by the former board of the bank.
Announcing the decision to sack the directors at a briefing in Abuja, the CBN Governor, Mr Godwin Emefiele said the apex bank had to remove the directors for trying to remove Adeduntan as MD without consulting the regulators.
Views: Visits 7 Godwin Emefiele, CBN Governor. By Emma Ujah, Abuja Bureau Chief & Babajide Komolafe The Central Bank of Nigeria, CBN, yesterday, removed the Boards of Directors of First Bank of Nigeria Limited and the FBN Holdings Plc. The apex bank also reappointed 14 out of the 21 directors affected by the sack into the new board of the two institutions. The CBN also reinstated Mr Adesola Adeduntan as the Managing Director/Chief Executive of First Bank of Nigeria. Adeduntan was earlier sacked as MD by the former board of the bank. Announcing the decision to sack the directors at a briefing in Abuja, the CBN Governor, Mr Godwin Emefiele said the apex bank had to remove the directors for trying to remove Adeduntan as MD without consulting the regulators.