2025-06-13 | BSD/DIR/CON/LAB/018/008

TEMPORARY SUSPENSION OF DIVIDEND PAYMENTS, BONUSES AND INVESTMENT IN FOREIGN SUBSIDIARIES

The Central Bank of Nigeria (CBN) has issued a directive to all banks regarding a temporary suspension of dividend payments, bonuses, and investments in foreign subsidiaries. This measure is aimed at strengthening the Nigerian banking sector's resilience and stability. The suspension applies to banks currently benefiting from credit or Single Obligor Limits (SOL) forbearance. The CBN expects affected banks to fully comply with the directive and maintain prudent capital management practices to ensure the orderly restoration of sound financial positions.

Nigeria

Central Bank of Nigeria

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