NCC approves USSD disconnection of Zenith, UBA, six others by telcos over debt
The federal government through the Nigerian Communications Commission (NCC) has granted approval to Mobile Network Operators comprising MTN, Airtel, Globacom and 9mobile to disconnect the Unstructured Supplementary Service Data (USSD)…
CBN fines nine banks ₦1.3bn for cash scarcity at ATMs
The Central Bank of Nigeria (CBN) has sanctioned some Deposit Money Banks (DMBs) for failing to make naira notes available through Automated Teller Machines (ATMs) during the yuletide season. They…
Tinubu meets Otedola in Abu Dhabi amid $230m legal dispute with Arise News owner
President Bola Tinubu arrived in Abu Dhabi on Sunday and promptly met with Femi Otedola, the chairman of FBN Holdings Plc. Upon his arrival in the United Arab Emirates, Tinubu…
Court backs First Bank against Arise New/ThisDay owner over $225m debt
A Federal High Court in Lagos has restrained First Bank and other commercial banks from dealing with General Hydrocarbons Limited and the Publisher of ThisDay Newspaper, Nduka Obaigbena, over a…
Despite error on validity of old naira notes, CBN’s policy indecisiveness embarrassing – Rep Ogene insists
Rep Afam Victor Ogene, Leader of the Labour Party Caucus in the House of Representatives, has said that despite the unintended factual error in the motion asking the Central Bank…
Beauty, depth, diversity …Why Coronation set up an art gallery – Ngozi Akinyele
Ngozi Akinyele, Chief Marketing and Communications Officer, Coronation Group speaks on a wide range of issues relating to the bank's interest in art. It's an illuminating journey. Coronation is a…
CBN sacks NIRSAL board, MD, other directors
The Central Bank of Nigeria (CBN) has sacked the board and executive directors of the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL). A CBN source confirmed on Saturday.…
₦555m Fine: Fidelity Bank fights back, claims no data was breached
Fidelity Bank has disputed data breach allegations levelled against it by the Nigerian Data Protection Commission (NDPC). In a statement on Wednesday, a spokesperson for the bank, Meksley Nwagboh, said…
It’s excessive, ill-timed! Bank directors reject 70% windfall tax
The Bank Directors Association of Nigeria has termed the proposed 70 per cent windfall tax on profits generated from foreign exchange transactions by banks as not only excessive but also…
Why CBN withdrew Heritage Bank’s operating license
The Central Bank of Nigeria (CBN) has revoked the operating licence of Heritage Bank. The Acting Director, Corporate Communications, CBN, Hakama Sidi Ali, disclosed this in a statement on Monday.…