Examples of CBN in a sentence
Significantly, the SEC code is similar to the UK code of governance and the CBN code of 2006 while also bears close semblance in form to the US Sarbanes Oxley act as it provides detailed guidance in the requirements of the governance codes while also advocating the existence of principles (CBN, 2014; Adekoya, 2010; Adegbite, 2011).In terms of those prescribed to her by organisations such as the World Bank and the IMF.
Similarly, Adebayo (2010) observed that the 2004 CBN bank consolidation policy which increased the capitalization of commercial banks from 2 billion to 25 billion constituted a potential bottleneck in the take-off of full fledged interest free (Islamic) bank like JAIZ bank as well as the smooth running of Islamic windows in conventional banks.
During this era, it was adduced that problems of family ownership, regulatory gaps, insider abuses and skill gaps accounted for these failure (CBN 1998; Financial Nigeria 2006 and NDIC 2008).
The bank indeed had a seamless integration and was awarded the CBN price for successfully completing its integration in record time.
The Central Bank of Nigeria (CBN) should expand the scope of operational guidelines of NIB and establish a separate department for handling all issues relating to Interest- Free Banking.