CBN Bans Foreign Bank Representative Offices From Engaging In Banking Business - Business - Nairaland
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| CBN Bans Foreign Bank Representative Offices From Engaging In Banking Business by stephendinks: 3:53pm On May 09, 2023 |
The Central Bank of Nigeria (CBN) has banned representative offices of foreign banks from engaging in banking business in the country. This directive was contained in the Guidelines for the regulation of representative offices of foreign banks in Nigeria issued by the apex bank. The CBN also barred the representative offices from any regulated activity and from commercial or trading activities resulting in the issuance of invoices for services rendered. According to the CBN, an approved representative office of a foreign bank in Nigeria is a liaison...... https://ratecaptain.com/?p=22355 |
| Re: CBN Bans Foreign Bank Representative Offices From Engaging In Banking Business by Cassandraloius: 4:58pm On May 09, 2023 |
Hmmm... How is this making any sense? |
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