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Author: pwei: Short title: Library of Congress Classification Outline; Date and time of digitizing: 16:07, 12 March 2003: File change date and time: 13:31, 22 November 2010
The institution acquires non-performing loans of commercial banks. The financing of AMCON is composed of a ₦50 billion CBN fund and 0.3% of total assets of participating commercial banks. It also supports the implementation of International Financial Reporting Standards (IFRS) for global reporting compliance in terms of reporting.
The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on 1 July 1959. [3] The major regulatory objectives of the bank as stated in the CBN Act are to: maintain the external reserves of the country; promote monetary stability and a sound financial environment, and act as a banker of last resort ...
Class P: Language and Literature is a classification used by the Library of Congress Classification system. This page outlines the subclasses of Class P. It contains 19 sub-classifications, 12 of which are dedicated to language families and geographic groups of languages, and 10 sub-classifications of literature (4 subclasses contain both languages and literatures).
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In compliance with CBN’s Regulation 3, UBN divested all non-core banking subsidiaries in alignment with its core banking business model. Following the banking crisis in 2009 and the intervention of the CBN via Asset Management Company of Nigeria (AMCON), the bank was recapitalised in 2012 with an injection of $500 million by Union Global ...
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