The Board of Directors of the African Development Bank (AfDB) has approved a 20 million dollars equity investment in ARM-Harith Infrastructure Fund (ARMHIF). ARMHIF is a...
At a major forum convened by the World Bank Group at the just concluded IMF/World Bank Group Annual Meetings in Washington DC, bankers, financial leaders and...
The federal government acting through the Central Bank of Nigeria CBN has banned the wholesome importation of foreign currencies into the country. The Deputy Governor of...
Ecobank Transnational Inc. (ETI)’s Chief Executive Officer Thierry Tanoh denied allegations of fraud by a senior manager. “The bank’s governance norms are such today that what...
The Federal Government Monday in Abuja handed over share certificates and licences to new core owners of 15 of the 18 PHCN successor companies. The ceremony,...
When in 2004, the CBN asked Nigerian banks to put in place a management succession plan, many banks did not take it seriously. Zenith Bank in...
Four Nigerian banks may lose N88 billion in revenue to the proposed phase out of Commission on Turnover, COT, charges. This may give rise to a minimum rate...
The Central Bank of Nigeria (CBN) says it will start applying charges on withdrawals and deposits above N500,000 for individuals and N2 million for corporate bodies...
The CBN on Friday released the names of 20 Bureau De Change (BDC) operators whose licences were revoked for alleged foreign exchange malpractices. The names of the BDCs...
The Central Bank of Nigeria (CBN) says it will start applying charges on withdrawals and deposits above N500,000 for individuals and N2 million for corporate bodies from Oct....
The Central Bank of Nigeria (CBN) says it has disbursed over N109 billion to 20 companies in support of the ongoing power reform in the country....
The Central Bank of Nigeria (CBN) says it has suspended its Wholesale Dutch Auctions (WDAS) to check money laundering in the foreign exchange market. A circular...
The Central Bank of Nigeria (CBN) has confirmed Malam Rislanudeen Muhammad as the Acting Managing Director of Unity Bank Plc. This followed the retirement of Mr...
The Central Bank of Nigeria (CBN) said it has revoked the licence of 20 Bureau De Change (BDC) companies for foreign exchange malpractice. Malam Sanusi Lamido...
The World Bank Board said it has approved a $300 million credit to boost Nigeria’s efforts to provide affordable mortgages for middle-income and lower income families....