The Nation Newspaper Expert seek peaceful resolution over CBN retained earnings controversy
announcement disallowing the deposit money banks from declaring their retained earnings as part of their assets is yet to abate, an analyst has argued that the apex bank must seek a peaceful resolution of the matter.
“If the CBN wants to look at these things holistically, they should do the additional verification of all these components of capital in the book of all the banks to verify the genuineness or otherwise so that it can be capitalised,” he stressed. Citing the financial statement of Access Holdings, the Holdco of the Access Bank, Adebola argued that the bank which is presently the biggest bank by equity may face an uphill task meeting the new CBN prerequisite.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Naira Appreciation: Utilize time bought by CBN – Financial expert, Aja tells govtA financial analyst and educator, Kalu Aja, has advised the Nigerian government to utilize the window period provided by the Central Bank of Nigeria, CBN. DAILY POST earlier reported that Naira's appreciation against the US dollar continued on Monday, exchanging N1,290 and N1,382.
Read more »
CBN uncovers $2.4bn foreign exchange scamThe Nation Newspaper CBN uncovers $2.4bn foreign exchange scam
Read more »
BREAKING: CBN raises interest rate to 24.75% in bid to curb inflationThe Nation Newspaper BREAKING: CBN raises interest rate to 24.75% in bid to curb inflation
Read more »
CBN crashes retail forex rate by 3.4%The Nation Newspaper CBN crashes retail forex rate by 3.4%
Read more »
CBN adjusts forex sales to BCDs operatorsThe Nation Newspaper CBN adjusts forex sales to BCDs operators
Read more »
Senate urges CBN to recover N1.079trn Anchor Borrowers LoansThe Nation Newspaper Senate urges CBN to recover N1.079trn Anchor Borrowers Loans
Read more »