Central Bank of Nigeria (CBN) has issued new guidelines that will require banks and other financial institutions to deploy automated systems to detect and report suspicious transactions as part of efforts to strengthen the fight against money laundering and terrorism financing. In the circular issued by the regulator, it said the standards are meant to…
Sixty per cent of businesses in Nigeria are family-owned while half of the figure hardly go beyond the first generation, according to a new report by multinational professional services firm, PwC. Partner and PwC Africa Family Business Lead, Esiri Agbeyi, who presented the report at 2024 Family Business Summit convened by Oghenevwoke Ighure at The…
Winners of the FirstBank Sponsored National Company of the Year (NCOY) Competition Represents Nigeria in the ACOY Competition FirstBank has partnered with JA Africa on Company of the Year (COY) Competition, Africa’s largest high school entrepreneurship competition scheduled to take place in Lagos, Nigeria from 7th to 9th December under the theme, “Fueling Changemakers.” The…
