10 results
- 16 Feb 2024
Senate, CIBN Seek to End Malpractices in the Banking Sector
The Senate committee on Banking, Insurance and other Financial Institutions, chaired by Senator Adetokunbo Abiru and the Chartered Institute of Bankers of Nigeria (CIBN) have vowed to sanitize the…
- 12 Sept 2025
FintechNGR Engages CBN, NAICOM, Others to Strengthen Regulatory Interface with Fintechs
The Fintech Association of Nigeria (FintechNGR), the umbrella body of Financial Technology operators in the country recently had high-level engagements with top regulators and lawmakers, aimed at…
- 1 Aug 2017
Skye Bank Asks FG to Seize Ntel, Discos, Says Ex-MD Wreaked Havoc
Management of Skye Bank Plc has written to Acting President Yemi Osinbajo, detailing how Tunde Ayeni, chairman of the bank between 2010 and 2016, allegedly wrecked the financial institution,…
- 10 Jun 2026
MSMEs Paucity of Funds Receives Boost as Senate Backs Bill Seeking to Unlock Cash for them
Businesses across Nigeria, particularly micro, small and medium enterprises (MSMEs), may soon be able to convert unpaid invoices and credit sales into immediate cash without relying on conventional…
- 5 Jul 2021
PMAN Alleges Secret Repeal, Reenactment of Copyright Act
Performing Musicians’ Employers Association of Nigeria (PMAN) has kicked against the speed and secrecy shrouding the repeal and re-enactment of the Copyright Act 2004. Pretty Okafor, president, PMAN…
- 21 Jul 2026
Senate Passes Landmark Insurance Reform Bill, Replaces 1997 NAICOM Act
The Senate yesterday recorded two major milestones in Nigeria’s financial sector, passing a landmark Insurance Regulatory Commission Bill to replace the nearly three-decade-old National Insurance…
- 29 Oct 2024
Senate Passes NDIC Bill To Stabilise Financial Institutions
The Senate on Tuesday passed for third and final reading, a bill meant to strengthen the capacity of the Nigeria Deposit Insurance Corporation (NDIC)’s capacity to safeguard bank depositors’ funds,…
- 31 Jan 2024
Sell Excess Dollars within 24 Hours - CBN orders Banks
Central Bank of Nigeria (CBN) on Wednesday, Jan. 31, imposed limits on how much banks can hold in foreign currencies. The apex bank expressed concern about the growth of forex exposures on their…
- 1 Nov 2016
Skye Bank Sacks 50 More Workers
About four months after it disengaged about 200 of its workers, Skye Bank Plc has retrenched about 50 members of staff, including those in outsourced and auxiliary functions, according to the Punch.…
- 9 Jul 2025
Senate Orders Full Probe into N1.3 Trillion CBEX Ponzi Scandal
The Senate Wednesday launched a full-scale investigation into the operations of Ponzi schemes in the country. The development followed the catastrophic collapse of the Crypto Bullion Exchange (CBEX),…