CBN grants FBN Holdings Plc merchant banking licence


Central Bank of Nigeria Governor, Godwin Emefiele
The Central Bank of Nigeria (CBN) has approved a merchant banking licence for First Bank Nigeria Holdings Plc, through its subsidiary, the Kakawa Discount House Ltd.
Mr Bello Maccido, FBN Holdings Group Chief Executive Officer, made announcement at the company’s third Annual General Meeting (AGM) held in Lagos.
He said that the final approval was granted to the company by the CBN on May 19, adding that the Kakawa Discount House applied for the licence in December 2014.
Maccido said that the development would allow the company to use additional windows to sell investment banking products.
“To have …Read More

Source:: PM Newspaper