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…
- 5 Jul 2020
Reps to Grill Banks, Others over $30Bn Forex Racketeering
House of Representatives has summoned 24 banks and 14 oil companies over an alleged forex racketeering leading to an annual loss of over $30bn as revenue. The Joint House of Representatives Committee…
- 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…
- 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…
- 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…
- 5 Aug 2015
Name and Shame: FCMB, MRS Fight over N6.2Bn Debt
Central Bank of Nigeria (CBN)-initiated name and shame campaign of banks’ delinquent debtors gained further momentum on Wednesday as First City Monument Bank Limited and Ecobank Nigeria published…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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,…
- 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…
- 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.…
- 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,…
- 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…
- 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…
- 20 Jun 2021
Phillips Oduoza: Inspirational Giant of Banking Industry
Phillips Oduoza, founder and chairman, NOVA Merchant Bank Limited is inspired by Nigeria’s future, which he believes holds potential waiting to be harnessed. Phillips Oduoza NOVA Merchant Bank offers…
- 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.…
- 15 May 2017
Banks, IOCs in Trouble for Defrauding FG of $63Bn
The Senate is investigating some banks for alleged collusion with some international oil companies (IOCs) to defraud the country. It was alleged that over $63 billion had been taken out of the…
- 26 Dec 2023
TitanTrust Bank / Union Bank: A Call for Transparency by Investigators
By Azubike Ugwu In the last three days, we have seen a storm of allegations regarding the ownership of Titan Trust Bank Limited (TTB) and Union Bank of Nigeria Plc ("Union Bank"), and this has…
- 12 Sept 2018
CBN Sanction: A Dis-Incentive To Capital Investment
By Cheku Alkali A fundamental objective of financial regulation is the safety and soundness of financial institutions, and the ability of regulators to mitigate systemic risk through effective…
- 10 Sept 2018
MTN Fights Back, Sues AGF, CBN over $10Bn Fine
MTN Group has applied to the Federal High Court of Nigeria to prevent local authorities from acting on claims that the company illegally moved $8.1 billion out of the country and owes $2 billion in…
- 5 Jun 2013
Unified Payments Appoints New Directors
Unified Payment Services Limited has appointed Babatunde Okeniyi, director, Marketing and Sales and Sina Joseph as director, Information Technology & Operations. Okeniyi will bring to his new…
- 4 Sept 2018
Facts, Fiction in CBN Fine on MTN Nigeria
The Central Bank of Nigeria on Wednesday, 28th August 2018, announced that it is imposing sanctions on four (4) banks for facilitating the 'illegal' repatriation of capital from Nigeria on behalf of…
- 18 Feb 2014
Airtel Names Nigerian Directors in Tanzania, Uganda
BhartiAirtel, a global telecommunications services provider with operations in 20 countries across Asia and Africa, has announced senior level organizational changes within its Africa operations. The…