Feranmi Olaseinde
@Feroxide
Joined Jul 3, 2023
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www.instapaper.com/read/1751384392
Feb 8, 2025
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Feb 6, 2025
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Jan 5, 2025
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Oct 21, 2024
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Oct 15, 2024
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Oct 14, 2024
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Oct 9, 2024
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Oct 2, 2024
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Oct 2, 2024
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Oct 2, 2024
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deloittedevelopment.udemy.com/course/microsoft-power-bi-up-running-with-power-bi-desktop/learn/lecture/38015966
Oct 2, 2024
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Sep 20, 2024
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Sep 20, 2024
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Sep 19, 2024
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Sep 18, 2024
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Sep 16, 2024
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As the initial phase of capital raising activities concludes, financial analysts have attributed the delay in the allotment of shares to the investor verification process conducted by the Central Bank of Nigeria.
The President and Chairman of the Council of the Institute of Capital Market Registrars, Mr Oluseyi Owoturo, in a chat with The PUNCH, asserted that the process of share verification for banks was stringent.
“The process for banks is more stringent. The CBN has to do capital verification to ascertain the source of funds of the investors [within a certain threshold] and determine if they are fit and proper persons to be shareholders of a bank. Once that is cleared, they then go to the SEC for approval. The CBN verification has traditionally taken so long to conclude,” he declared.
The last of the offers was concluded late last month and the ball moved to the court of the apex bank to verify the investors, especially those who have bought significant stakes in the banks.
The President and Chairman of the Council of the Institute of Capital Market Registrars, Mr Oluseyi Owoturo, in a chat with The PUNCH, asserted that the process of share verification for banks was stringent.
“The process for banks is more stringent. The CBN has to do capital verification to ascertain the source of funds of the investors [within a certain threshold] and determine if they are fit and proper persons to be shareholders of a bank. Once that is cleared, they then go to the SEC for approval. The CBN verification has traditionally taken so long to conclude,” he declared.