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,…
No sugar price increase during Ramadan – sugar refineries assure FG
In a commendable alignment with the Federal Government’s agenda for food security and economic stability, major sugar refineries across the nation have pledged to not increase sugar prices during the…
Trade minister unveils strategic initiatives for manufacturing sector
Minister of Industry, Trade, and Investment, Dr. Doris Uzoka-Anite, commenced a tour of prominent manufacturing companies such as Dangote Sugar Refinery Plc, BUA Sugar Refinery Ltd, Flour Mills Limited, Bestaf…
Tinubu signs ₦28.7trn 2024 budget, directs MDAs to provide monthly performance reports
President Bola Tinubu has signed the 2024 Appropriation Bill into law in keeping with his avowed commitment to maintaining a timeous, predictable, and efficient budget cycle. Tinubu assented to the…
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…
NNPC fulfils promise, delivers rehabilitated Port Harcourt refinery in schedule
The Nigerian National Petroleum Company (NNPC) Ltd. has fulfilled its pledge of achieving the mechanical completion of rehabilitation work on Area 5 Plant of the Port Harcourt Refining Company (PHRC).…
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