Tags : Financial Institution

Senate Passes AMCON Amendment Bill

The Senate has passed the Asset Management Corporation of Nigeria (AMCON) Amendment bill. The passage of the Bill followed the consideration of a report by the Committee on Banking, Insurance, and Other Financial Institutions. The amendment bill passed by the Chamber empowers the Assets Management Corporation of Nigeria to, amongst others, take possession, manage or […]

Buhari Assents To BOFI Act 2020

President Muhammadu Buhari has assented to the Banks and Other Financial Institutions (BOFI) Act 2020. A statement by the President’s Senior Special Assistant on Media and Publicity, Mallam Garba Shehu, said the act repealed the extent and other financial institutions act 1991 as amended. He said the BOFI act 2020 will increase the appetite of […]