Tag: CBN

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Sterling bank indicted in money laundering, financial crime against Maiden Systems Ltd

Sterling bank indicted in money laundering, financial crime against Maiden Systems Ltd

The House Committee on Public Accounts is beaming its searchlight on the Central Bank of Nigeria (CBN) and Shell Petroleum over alleged money launderi [...]
‘FBN Holdings crisis may lead to collapse, regulatory takeover,’ Shareholders warn

‘FBN Holdings crisis may lead to collapse, regulatory takeover,’ Shareholders warn

A shareholders’ group has sounded the alarm over the ongoing crisis at FBN Holdings Plc, warning that unresolved governance and strategic disputes cou [...]
Dismissed employees of CBN drag apex bank to court, claim violation of contractual rights

Dismissed employees of CBN drag apex bank to court, claim violation of contractual rights

A legal battle is brewing between the Central Bank of Nigeria (CBN) and its former employees, who were dismissed in a series of mass termination of ap [...]
Reps urge CBN to suspend retirement of 1,000 staff

Reps urge CBN to suspend retirement of 1,000 staff

The house of representatives has asked the Central Bank of Nigeria (CBN) to suspend the “planned” retirement of 1,000 staff. The apex bank is said [...]
Naira among worst performing currencies in Africa – World Bank

Naira among worst performing currencies in Africa – World Bank

The World Bank says the naira is among the worst-performing currencies in sub-Saharan Africa in 2024. In its regional economic outlook report ‘ [...]
Economist challenges Tinubu’s claims on N30trn debt clearance in Independencs Day speech

Economist challenges Tinubu’s claims on N30trn debt clearance in Independencs Day speech

In his Independence Day speech, one of the things President Bola Ahmed Tinubu said among others is that his administration has cleared the N30 trillio [...]
FG tightens economic hardship on citizens as CBN increases interest rate to 27.25%

FG tightens economic hardship on citizens as CBN increases interest rate to 27.25%

The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks interest rates, f [...]
What exactly is Yemi Cardoso doing at the CBN – Toni Kan

What exactly is Yemi Cardoso doing at the CBN – Toni Kan

On September 22, 2024 Yemi Cardoso will mark one year in office as the governor of the Central Bank of Nigeria, CBN at a time of unprecedented economi [...]
CBN governor, Yemi Cardoso sacks board of NISRAL

CBN governor, Yemi Cardoso sacks board of NISRAL

In continuation of a series of layoffs at the Central Bank of Nigeria (CBN) since the governor of the apex bank, Olayemi Cardoso, assumed office last [...]

AMCON intensifies asset recovery efforts, enlists international asset tracers

In a bold move to recover outstanding debts of nearly N5 trillion, the Asset Management Corporation of Nigeria, AMCON, has announced plans to engage i [...]
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