CBN RELEASES LICENSED DEPOSIT MONEY BANKS. (PHOTO).

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 CBN releases licensed Deposit Money Banks By Samuel Oamen The Central Bank of Nigeria (CBN) has released a comprehensive list of 44 licensed Deposit Money Banks operating within the country. The apex bank made this public in a post on its official website on Tuesday. According to CBN, seven banks, including Zenith Bank, Access Bank, First Bank, First City Monument Bank, United Bank of Africa, Fidelity, and Guaranty Trust Bank, have Commercial Banking licenses with international authorisation as of April 26, 2024. Also, fifteen banks have commercial banking licenses with National Authorisation. Four banks have commercial banking licenses with regional authorisation and four non-interest banks have national authorisation. The bank said the country has six merchant banks licensed with national authorization. It stated that financial holding companies increased to seven. CBN added that the country has a Mauritius commercial bank representative office. The list comes months after the CBN r
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KANO GOVT REVOKES LICENCES OF ALL PRIVATE SCHOOLS. (PHOTO).

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Kano Govt Revokes Licences Of All Private Schools


The Kano State government has revoked certificates of all private schools operating in the state with immediate effect.


This was made known by the special adviser to the State Governor on Private and Voluntary Institutions, Baba Abubakar Umar, on Saturday.


During a meeting with the proprietors of the private schools in the state, Umar said all the schools were expected to collect new registration forms to fill for new certificates to be issued.


He pointed out that this was part of the state government’s commitment towards sanitising the private school operations and ensuring adherence to established laws and guidelines.


He charged the proprietors to pay their 10 per cent tax to the government as at when due for the progress of the sector, adding that his return to the position of managing the private schools should not lead to intimidation as he doesn’t have intention to victimise anyone.


He emphasised his stand for closing down any school that violates the operational laws of the state ranging from equipment, environment of operation, curriculum and academic calendar while revealing that a software had been developed to address all concerns from the government, school proprietors, parents and even job seekers in private schools.

 

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