CBN suspends dividend payments, foreign investments for banks under regulatory forbearance
[NigerianEye - Nigeria] - 14/06/2025
The Central Bank of Nigeria (CBN) has ordered banks currently operating under regulatory forbearance to suspend dividend payments to shareholders and bonuses to directors and senior management. In a circular signed by Olubukola Akinwunmi, director of banking supervision, on Friday, the CBN said the directive aims to strengthen capital buffers and promote prudent capital retention across the sector. Regulatory forbearance is a temporary suspension or relaxation of certain regulations by a government or regulatory body during times of economic hardship or crisis. The measure is normally (…)
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