CBN replaces sacked Union, Polaris, Keystone bank CEOs
The Central Bank of Nigeria (CBN) has announced the appointment of new chief executive officers for Union, Keystone and Polaris banks following the sacking of the board of the companies.…
CBN sacks Union, Polaris, Keystone bank boards, management
The Central Bank of Nigeria (CBN) on Wednesday, dissolved the boards and management of Polaris, Union and Keystone Banks. In a statement signed by the apex bank's Hakama Sidi Ali,…
Investigator summons ex-CBN deputy gov, others over contradictory statements on Union Bank sales
The Special Central Bank of Nigeria (CBN) Investigator, Jim Obazee, has summoned the Chairman of Titan Trust Bank, Babatunde Lemo, in connection with the controversial acquisition of Union Bank of…
Emefiele rejects probe report on CBN, says it’s ‘Misleading, barefaced lies’
Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN), has denied allegations of corruption and theft in a recent report by the special investigation panel on CBN and…
CBN accuses banks, PoS operators of hoarding cash, threatens sanctions
The Central Bank of Nigeria (CBN) has threatened to sanction banks and Point of Sales (POS) operators found to be complicit in the apparent Naira scarcity in parts of the…
Emefiele, ex-minister, 14 others to face trial for ₦26.6trn CBN fraud
The immediate past Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, a former minister, and 14 others have been indicted in over N26.627 trillion fraud at the apex…
Tinubu inherited dead economy – Soludo…accuses CBN of violating act
Chukwuma Soludo, Anambra State governor has said the administration of President Bola Tinubu inherited a dead economy. Prof Soludo spoke on Thursday during an interview on television. The Anambra governor…
FG delists loan apps from Google | See full list of 37 affected companies
The Federal Competition and Consumer Protection Commission (FCCPC) on behalf of the federal government on Monday delisted 37 illegal loan apps in Nigeria. Recall that on August 1, 2023 the…
Regulators crack down on First Bank, Access, GTB, Fidelity, others for violations
The Securities and Exchange Commission (SEC) has fined not less than eight banks and 18 other listed companies a total of N125 million for failing to file their financial statements…
PoS operators at loggerheads over new service charge
Point-of-sale (PoS) operators in Nigeria are divided over the implementation of new service charges that commenced on Monday. The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) had…