Access Holdings has been ordered by the Central Bank of Nigeria (CBN) to sell down its equity stakes in foreign subsidiaries within 12 months after a new rule capped Nigerian banks’ overseas investments at no more than 10 % of shareholders’ funds.
Direct answer
What happened in this market update?
Access Holdings has been ordered by the Central Bank of Nigeria (CBN) to sell down its equity stakes in foreign subsidiaries within 12 months after a new rule capped Nigerian banks’ overseas investments at no more than 10 % of shareholders’ funds.
This update was generated directly from the BSE regional exchange node.
