Tag: CBN
Reps direct CBN to halt implementation of cybercrime levy
The House of Representatives on Thursday, May 9, directed the Central Bank of Nigeria, CBN, to halt the implementation of the cybercrime levy introduc [...]
CBN imposes 0.5 percent cybersecurity levy on all transactions + 5 key facts to know
The Central Bank of Nigeria, CBN, on Monday, May 6, directed banks and other financial institutions to start charging a cybersecurity levy on all bank [...]
How CBN directive triggered Adesola Adeduntan, First Bank MD’s resignation
There are strong indications that the sudden resignation of former Managing Director and CEO of First Bank, Dr Adesola Adeduntan was triggered by dire [...]
Emefiele spent N18.96bn to print just N684m – EFCC reveals
The Economic and Financial Crimes Commission, EFCC has filed a fresh charge at the High Court of the Federal Capital Territory against the embattled f [...]
Depositors express concern as Wema Bank reports N1.13bn fraud
Depositors and stakeholders of the Moruf Oseni-led Wema Bank Plc are worried about the safety of their funds and the health of the lender over the hig [...]
CBN raises commercial banks’ capital base
The Central Bank of Nigeria, CBN, has announced the increment of the capital base for commercial banks with international authorisation to N500 billio [...]
‘Show evidence of forex payment backlog,’ Foreign airlines tell FG
President of the Association of Foreign Airlines and Representatives in Nigeria, AFARN, Kingsley Nwokeoma, has asked the federal government to show ev [...]
Panic in banking circles as CBN governor sends special examiners to look into ‘cooked books’ of banks over N20trn owner related loans
Some major Nigerian banks are in a state of panic as Olayemi Cardoso, the governor of Central Bank of Nigeria, CBN governor Olayemi Cardoso has began [...]
CBN commences re organisation process, sack five directors
The Central Bank of Nigeria, CBN has sacked at least five directors in what seems like the commencement of reorganization process at the apex bank.
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FG set to ban Lemonade Finance, three other IMTOs from operating in Nigeria
The federal government has set a plan in motion, to ban some online international money transfer operators, IMTOs including Lemonade Finance from [...]