Sinking fund: CBN, Bankers Committee agree on 0.5% contribution

The Central Bank and the Bankers Committee have signed a memorandum of understanding for the contribution of 0.5 per cent of commercial banks earnings to the sinking fund. The sinking fund which is a system by which organisations sets aside money over time to retire indebtedness is expected to yield a sound economic system for […]

Sinking fund: CBN, Bankers Committee agree on 0.5% contribution

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