Wednesday, March 3African Business News
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Tag: Central Bank

Central Bank tasks banks on sustainable business models

Central Bank tasks banks on sustainable business models

Business
Deputy Governor, Financial System Stability, Central Bank of Nigeria (CBN), Aishah Ahmad, has urged financial services providers to commit to sustainability in designing their business models. This will enable them to manage disruptions, and make a positive environmental and social impact in their quest to deliver value to their stakeholders. According to her, banks and other financial institutions can only survive disruptions if they fully embraced sustainability principles, which have become more critical given the significant impact of the COVID-19 pandemic ravaging the world. Ahmad made the call during her remarks at a Webinar, organised by the Centre for Financial Studies (CFS), of The Chartered Institute of Bankers of Nigeria (CIBN), aimed at ensuring Enhance...