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CBN Exempts MfBs, PMBs from Cash Limit Policy

Kindly share this postCentral Bank of Nigeria (CBN) has exempted Microfinance Banks (MfBs) and Primary Mortgage Banks (PMBs) from the cash withdrawal limit policy compliance. In a circular to banks and other financial institutions signed by Must Jimoh, CBN director, Payment System Management Department, Microfinance banks and primary mortgage banks do not need to comply […] ....

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In Paradigm Shift, Women Take Over Banking Sector

By Obinna Chima
The banking industry has made a dramatic leap in its Nigerian Sustainable Banking Principles (NSBP) with the recent appointments of two females as Chief Executive Officers (CEOs). The coming on board of the CEOs, Mrs. Miriam Olusanya for Guaranty Trust Bank (GTBank) and Mrs. Yemisi Edun for First City Monument Bank (FCMB) Limited, marks an important paradigm shift in the approach to decision-making and management with regard to gender at the highest levels of the Nigerian banking industry.
The NSBP states that as part of a wider sustainable banking commitment, the industry should work towards 40 per cent female representation at top management and boards levels. ....

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