Vanguard analyses new CBN dividend policy

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THE new policy directive by the Central Bank of Nigeria, CBN, on dividend payment by banks is a proactive measure to strengthen and protect the banking industry, consumers and financial system, to ensure a more efficient economy. The policy is in tandem with the Consumer Protection Framework for Banks and Other Financial Institutions regulated by CBN which was released in November 2016 in furtherance of the apex bank’s mandate to promote a stable financial system for a stable macro economy.

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