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Banks witness low patronage as govt offices remain shut in FCT

Most commercial banks in the Federal Capital Territory (FCT) witnessed low patronage of customers due to the directive of the Federal Government’s to close government offices and schools. However, most customers were not sure that the banks would be opened for business, following the Federal Government’s directive.

Weak corporate governance threatens bank examination

Nigeria Deposit Insurance Corporation (NDIC) has identified weak corporate governance and inadequate implementation of risk based supervision (RBS) strategies as major threats to effective bank examination in the country.

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