Tag: CBN

According to the corporation, the affected banks have ceased to operate as licensed financial institutions and are no longer authorised ...

The court also ordered the former consultant to pay N5 million to the EFCC as the cost of the action.

Speaking at the event, the Deputy Governor for Financial System Stability at the CBN, Lamido Yuguda, said efficient financial intermediation ...

OPay is increasingly being recognised as a key enabler of Nigeria’s drive towards a more inclusive and digitally connected economy ...

INEC officials, security personnel and party agents monitored the exercise as preparations intensified for the election that will determine who ...

The warning comes as Nigeria continues to rank among the world's largest crypto markets.

The apex bank said the new measure aims to promote transparency, reduce market concentration risks, and enhance the resilience of ...

The CBN noted that the overhaul is necessary after years of implementing the existing framework introduced in 2014 to mitigate ...

Mr Cardoso dedicated the award to the board, management and staff of the CBN, acknowledging their steadfast commitment to institutional ...

The guidelines seek to establish clear operational and functional boundaries among closely linked entities in the financial system.

IMF issued the advisory in its latest Article IV consultation report on Nigeria, noting that while rising crude oil prices ...

The Christian Youth Movement for Tinubu-Shettima describes itself as a socio-political organisation mobilising Christian youths across the country behind the ...

“In addition, pursuant to he resolution of shareholders at the extra-ordinary general meeting of the bank held on Friday, 24th ...

The Rural Electrification Agency's mini-grid solutions have evolved beyond basic social welfare into a primary driver of industrialisation and economic ...

The judge agreed with the CBN and other defendants' arguments that though the company had been incorporated since 2004, it ...

Though there is a slight drop from what was recorded in February, the CBN said at the press briefing that ...

The group cautioned that higher interest rates could weaken economic growth, private-sector investment, industrial productivity, and employment.

According to the Group, Mr Omodayo-Owotuga’s appointment reflects the First Bank’s continued commitment to strong governance, disciplined execution, financial resilience, ...

The NDIC said the action forms part of efforts to recover assets linked to the defunct bank, whose licence was ...

Under Mr Otedola’s chairmanship of FirstHoldCo, the group has tightened internal prudential standards and appointed new boards for non-banking subsidiaries ...

FirstHoldCo says its ongoing reset has positioned it for growth in 2026 and beyond.

Mr Bello is a distinguished engineer, statesman and corporate leader. His career spans more than four decades across the public ...

President Tinubu appointed Mr Yuguda as deputy governor in March and transmitted his nomination to the Senate last Wednesday for ...

The latest testimony adds to a string of contentious claims emerging from the trial over AMCON’s 2017 takeover of Arik ...

The $6.23 million allegation is part of the charges over which which the EFCC is prosecuting Mr Emefiele.