Regulatory Alerts2007-12-10 | TED/FEM/FPC/GEN/01/149Harmonisation of Job Titles in the Banking Industry
The Central Bank of Nigeria has issued a directive to harmonize job titles in the banking industry for simplicity and comparison across banks, effective immediately. They have approved specific acceptable equivalents for various roles such as Managing Director/CEO, Executive Director, General Manager, etc., while emphasizing that the position of Chairman must be separate from the Chief Executive Officer and no titles like "Group Director" or "Regional Director" are allowed.
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governance