Banking & Finance
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112CBN to Slow Down Rate Hikes Soon –Cardoso
The Governor of the Central Bank of Nigeria, Dr Olayemi Cardoso, has stated that it will soon be able to slow down...
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137CBN to Sanction Banks for Rejecting Old, Small Dollar Denominations
The Central Bank of Nigeria (CBN) has threatened to sanction Deposit Money Banks (DMBs) for rejecting old and small denominations of the...
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151Discrepancy in Account Names Delaying Heritage Bank Customers’ Payment –NDIC
The Nigeria Deposit Insurance Corporation (NDIC) says account name discrepancies in Bank Verification Numbers (BVN) linked to the alternate accounts of some...
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139CBN Halts FX Price Verification Portal for Importers July 1
The Central Bank of Nigeria says it will discontinue the foreign exchange price verification system portal used by importers on July 1....
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233Nigeria’s Banking Crisis: The Role of CBN, Economic Impact and Lessons Learnt
On January 10th, 2024, the Central Bank of Nigeria (CBN) dissolved the boards and management of Union Bank, Keystone Bank, and Polaris...
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245Wema Bank Concludes First Tranche of Capital Raising
Wema Bank has successfully concluded the first tranche of its recapitalisation exercise having secured all relevant regulatory approvals for the allotment of...
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388
No Plan to Revoke Wema, Polaris, Unity, Fidelity Licences –CBN
The Central Bank of Nigeria (CBN) yesterday said there are no plans to revoke the operating licenses of Fidelity Bank, Wema Bank, Polaris...
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171
Heritage Bank: NDIC goes after ₦700b Loan Defaulters
The Nigeria Deposit Insurance Corporation (NDIC) has announced that it will pay out insured deposits to depositors of the defunct Heritage Bank...
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222
CBN: No Plans to Revoke Additional Banking Licences
Following the recent revocation of the operating license of Heritage Bank Plc, the Central Bank of Nigeria (CBN) yesterday clarified that there...
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213Cardoso Seeks Routine Disclosure of Debt Portfolios
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, yesterday called for routine disclosure of debt portfolios and borrowing activities....
