Tag: CBN
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 [...]
CBN approves merger of Unity, Providus banks
The Central Bank of Nigeria, CBN has approved the merger of Providus Bank and Unity Bank.
The apex bank, in a statement signed by the acting Di [...]
Witness tells court how sacked CBN governor, Godwin Emefiele made contract payments to wife, inlaw
The Seventh Prosecution Witness, (PW7) in the trial of former governor of Central Bank of Nigeria, (CBN), Godwin Emefiele on Monday, June 24, 2024 tol [...]
First Bank confirms Alebiosu as CEO, Ini Ebong as deputy MD
First Bank of Nigeria (FBN) Limited has confirmed the appointment of Olusegun Alebiosu as its substantive managing director (MD) and chief executive o [...]
Abubakar, son of late Isa Funtua arrested for committing N28bn fraud
The Economic and Financial Crimes Commission, EFCC has confirmed that Abubakar Funtua, son of late Isa Funtua, a Federal Minister in the second Nigeri [...]
CBN withdraws banking license of Heritage Bank
The Central Bank of Nigeria, CBN has revoked the banking licence of Heritage Bank Plc, effective immediately.
This decision was made due to the ban [...]
Court orders interim forfeiture of $4.7m, N830m, several properties traced to Emefiele
The Federal High Court sitting in Lagos has ordered an interim forfeiture of the sums of $4,719,054; N830,875,611, and several properties linked to em [...]
Emefiele gets N300m bail, denies N684.5m note printing
A Federal Capital Territory High Court in Abuja, on Wednesday, granted the immediate past Governor of the Central Bank of Nigeria, Godwin Emefiele, ba [...]
Tinubu directs CBN to halt implementation of cybersecurity levy
President Bola Tinubu has asked the Central Bank of Nigeria, CBN to suspend the implementation of the controversial cybersecurity levy policy and orde [...]