30 results
- 15 Jun 2010
Citibank Nigeria Kicks Off Diversity Week
Citibank has flagged off its Third annual Diversity week for in over 54 countries in the Europe, Middle East and Africa region. The Diversity week for the year 2010, which commenced Monday, was…
- 30 Aug 2024
Citibank Taps Nneka Enwereji as CEO
Citibank Nigeria Limited has appointed Nneka Enwereji as its Managing Director/Chief Executive Officer. In a statement issued by the Head of Public Affairs, Nigeria and Ghana Global Communications…
- 7 Sept 2018
CBN Debits 4 Banks N5.9Bn for Aiding MTN Repatriate $8.134 Bn
Central Bank of Nigeria (CBN) yesterday debited the accounts of Standard Chartered Bank, Stanbic IBTC, Citibank Nigeria and Diamond Bank with a total N5.87 billion for alleged breach of its capital…
- 4 Oct 2015
Zenith Capital Appoints Jubril Enakele as CEO/MD
Zenith Capital Limited, a leading investment bank, has appointed that Jubril Enakele the Chief Executive Officer and Managing Director. This appointment took effect in May, 2015. In his new role,…
- 29 Aug 2018
Forex Scam: CBN Fines 4 Banks N5.87Bn, Orders MTN to Refund $8Bn
Central Bank of Nigeria (CBN) has imposed heavy sanctions totalling N5.87 billion on four banks under its regulatory purview and asked same to refund $8,134,312,397.63 for what it described as…
- 21 Dec 2020
Union Bank Names Okonkwo MD Designate as Emuwa Retires
The Board of Union Bank Nigeria Plc Monday announced that Mr. Emeka Emuwa, chief executive officer, will retire on March 31, 2021, after leading the financial institution for eight years. Emeka Emuwa…
- 2 Jun 2019
Court Strikes Out Suit Challenging Stamp Duty Collection
by banks Federal High Court siting in Lagos has struck out a suit filed against the Governor of the Central Bank of Nigeria (CBN) challenging a circular issued by the CBN on January 15, 2016…
- 27 Dec 2018
Diamond Bank Appoints Babade Acting Chairman
Diamond Bank Plc on Thursday notified the Nigerian Stock Exchange (NSE) that following the recent resignation of Mr. Oluseyi Bickersteth as director/ chairman, effective December 24, 2018. …
- 15 Jun 2010
Banks Grant MTN N318 Billion Loan Facilities
MTN Nigeria, Nigeria’s leading telecommunications company has received fresh loan facilities to enable the company further expand its network across the country. A consortium of 15 Nigerian…
- 18 Jan 2026
Here Are Nigerian Banks That Have Secured Their Licences
Nigeria's banking sector recapitalization, mandated by the Central Bank of Nigeria (CBN) in March 2024, requires banks to meet tiered minimum paid-up capital thresholds by March 31, 2026: ₦500…
- 13 Dec 2020
Court Declares Banks’ Stamp Duty Charges Illegal
A Federal High Court in Asaba has declared as unlawful, illegal, null and void the deduction of the sum of N50 as Stamp Duty charges from the accounts of commercial bank customers in the country. The…
- 15 Jun 2016
Providus Bank Gets Commercial Banking Licence from CBN
Providus Bank Plc has been granted a commercial banking licence with regional authorisation by the Central Bank of Nigeria (CBN), according to information on the apex bank’s website on Tuesday.…
- 9 Jan 2026
19 Nigerian Banks Meet CBN Recapitalization Targets Ahead of March Deadline
Nineteen Nigerian banks have fulfilled the Central Bank of Nigeria's (CBN) recapitalization requirements as of January 6, 2026, six weeks before the March 31 deadline, according to data from The…
- 9 May 2024
CBN Unveils List of Licensed Deposit Money Banks
Central Bank of Nigeria (CBN) has released the list of licenced Deposit Money Banks operating in the country. Providing insights into the banking landscape in Nigeria, the list was made public on the…
- 3 Sept 2019
PayAttitude Appoints Babatunde Okeniyi as CEO
The board of directors of PayAttitude Global, a payment platform with focus on mobile and digital payments, has announced the appointment of Babatunde Okeniyi as its managing director/chief executive…
- 27 Apr 2024
CBN Licenses Unified Payments as Second Provider for PTSA Services for Nigeria
Central Bank of Nigeria (CBN) has awarded the country’s second Payment Terminal Service Aggregator (PTSA) license to Unified Payments, Nigeria’s premier financial technology company, following a…
- 3 May 2017
CBN Expels 16 Banks from Forex Market
Central Bank of Nigeria (CBN) on Tuesday stopped 16 Deposit Money Banks from participating in the Small and Medium-scale Enterprises (SMEs)window of the foreign exchange market. Isaac Okorafor,…
- 15 Aug 2018
MTN Nigeria Inks N200bn loan facility with 12 banks for Network Expansion
MTN Nigeria on Wednesday signed a seven-year N200 billion medium term facility with a consortium of twelve (12) local banks, with FBN Quest acting as facility agent. Ferdi Moolman, Chief…
- 15 Mar 2010
Aku Becomes Ecobank Managing Director
The Board of Directors of Ecobank Nigeria Plc has announced the appointment of Mr. Jibril J. Aku as the new managing director of Ecobank Nigeria. Prior to this appointment, Aku was the executive…
- 4 Jul 2017
Citibank Grants N500m Loans to Accion MFB
Citibank has granted N500m loan to Accion Microfinance Bank as part of efforts to promote the development of the microfinance sector in Nigeria. Lola Oyeka, bank’s Country Public Affairs Officer for…
- 18 Nov 2015
Ecobank Announces Leadership Change
Ecobank Transnational Incorporated (ETI) has announced a leadership change in its largest subsidiary, Ecobank Nigeria Limited. By the Bank’s internal policy, Mr. Jibril Aku, the current managing…
- 29 Nov 2019
Ecobank, Standard Chartered Lead in Capital Importation to Nigeria
National Bureau of Statistics (NBS) says Ecobank Nigeria and the local unit of Standard Chartered Bank have joined Stanbic IBTC Bank to become foreign investors’ favourites for investment deals.…
- 16 Jan 2022
Lagos Tops as Foreign Capital Importation Increases to $1.73bn in Q3
The total value of capital imported into the country in the third quarter of last year (Q3, 2021) stood at $1.73 billion, representing 97.73 per cent increase compared to the $875.62 million recorded…
- 17 Jul 2026
Foundations Launch Youth Entrepreneurship Incubation Programme
FATE Foundation, with funding from the Citi Foundation, has launched the Youth Entrepreneurship Incubation Programme to equip young people in Nigeria with financial literacy and entrepreneurship…
- 9 Jun 2023
Tinubu Appoints Shonubi as Acting CBN Governor
President Bola Tinubu has appointed Mr. Folashodun Adebisi Shonubi, deputy governor (Operations Directorate) as acting governor of the Central Bank of Nigeria (CBN) following the suspension of Godwin…
- 19 May 2012
NIBSS Names Folashodun Adebisi Shonubi New CEO
The Board of Directors of Nigeria Inter-Bank Settlement System (NIBSS) Plc has announced the appointment of Folashodun Adebisi Shonubi, as the new Managing Director/CEO of the foremost electronic…
- 28 Apr 2025
AFC Appoints Ireti Samuel-Ogbu as Chair of Board of Directors
Africa Finance Corporation (AFC), the continent's leading instrumental infrastructure solutions provider, has announced the appointment of Mrs Ireti Samuel-Ogbu as Chair of its Board of Directors.…
- 31 Aug 2018
Repayment of MTN’s $8.1Bn Fine May Trigger Banking Crisis
Nigeria may witness another round of banking crisis unless an amicable resolution is reached between Central Bank of Nigeria (CBN) and MTN, over repayment of $8.1 billion, believed to have been…
- 5 Apr 2021
Okonkwo, New Union Bank Boss Promises to Reposition Bank
Mr. Emeka Okonkwo, new chief executive officer of Union Bank, has promised to reposition the bank to ensure it not only serves its customers better, but reward bountifully its numerous shareholders.…
- 12 Oct 2025
IHS Nigeria Champions a Prosperous Nigeria through Digital Inclusion at NES #31
IHS Nigeria, a leading provider of shared communications infrastructure services, had a prominent presence at the 31st Nigerian Economic Summit (NES #31), reinforcing its position as a key driver of…