Tag: CBN

As banks adjust to these measures, they may experience reduced profits, tighter liquidity, and a heightened need for provisions

“This is a moment not just to look back but to look forward."

Mr Emefiele on Tuesday asked the court for permission to conduct forensic analysis of a mobile phone used in extracting ...

The hearing was postponed following a request by a lawyer to the applicant.

The CBN had barred forbearance banks from paying dividends, awarding bonuses, or making offshore investments.

EFCC said the investors reportedly deposited a cumulative N51,680,050 into the company’s account.

The bank also expressed confidence in meeting shareholders’ dividend expectations in the 2025 financial year.

Zenith Bank, which typically pays an interim dividend half-yearly, said it hopes to have met the demands of the central ...

The case centred on N1.22 billion (N1,222,384,857.84) in Melrose’s bank account and N220 million paid by the company to Wasp ...

Most banks, the CBN said, have either met or are on track to meet the new capital requirements well before ...

Zenith Bank, FirstBank, and Access Bank top the list for regulatory forbearance exposure, with up to 23% of their loan ...

“Maybe in his second-term ambitions, the only support we’ll offer will be curses for anyone who votes for him.’’

The Federal High Court in Lagos earlier granted EFCC’s application for the final forfeiture of Mr Emefiele’s assets.

Messrs Cardoso and Edun are expected to make clarifications on allegations of non-compliance with the provisions of Fiscal Responsibility Act ...

The bank described the reports as “false” and “misleading,” insisting that the official deadline remains 3 June.

ABU had, on 22 November 2024, filed a motion asking the appellate court to allow it to submit a fresh ...

Officials said the framework is designed to strengthen complaint resolution, reduce fraud, and restore trust in formal financial services, especially ...

The FCT administration said taking possession of the properties will be done without consideration of their ownership.

Otedola says by the end of FirstHoldCo's capital raise, he would have invested over N320 billion.

This marks the second time in a row that the bank has opted to hold the rate steady.

“The attention of the Central Bank of Nigeria (CBN) has been drawn to certain publications and social media reports containing ...

“For too long, many Nigerians abroad have faced difficulties accessing financial services at home due to physical verification requirements.”

The actress also explained why the clarification became necessary

The turnaround was largely driven by a sharp rise in revaluation gains and profits made when the value of assets ...

The CBN posted a profit after tax of N38.8 billion.