24 results
- 31 Jul 2014
Changes in AFC’s Board, Alade Assumes Chairmanship
Board of the Africa Finance Corporation (AFC) on Wednesday announced that as part of AFC’s Board succession process, Mr. Adebayo Ogunlesi and Mr. Aliyu Dikko retired from the Board of Directors.…
- 7 Sept 2013
CBN Oils NIPOST Facilities for Cashless Initiative
Central Bank of Nigeria (CBN) at the weekend said that Nigeria Postal Service (NIPOST) is gearing up to commence cashless banking initiative. Mr. Tunde Lemo, deputy governor, Operations, Central Bank…
- 27 Sept 2013
Withdrawal Charges to Apply from Tuesday Next Week
Central Bank of Nigeria (CBN) said it will start applying charges on withdrawals and deposits above N500,000 for individuals and N2 million for corporate bodies from October 2. Mr Tunde Lemo, deputy…
- 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…
- 23 Jul 2019
CBN Gives 3 New Banks Nod to Start Operations
Central Bank of Nigeria (CBN) has confirmed the licensing of three new banks by adding them under different lists published on its website. The new operators are Titan Trust Bank Limited, TAJ…
- 23 Sept 2016
CBN, Others Set for E-PPAN’s eGovt Summit Next Week
Top-notch officials from the Central Bank of Nigeria (CBN) and across Ministries, Departments and Agencies (MDAs) of government with thoughts leaders, executives and players in the electronic payment…
- 13 Oct 2020
#EndSARS: Angst as CBN Blocks Flutterwave Account
Central Bank of Nigeria (CBN) has temporarily blocked the account of Flutterwave, reason being that the platform was being used to receive donations for the ongoing ENDSARS Protest in the country.…
- 25 May 2026
Stewardship, Not Seizure: What the Union Bank Case Is Really About
There is a particular genre of financial commentary that mistakes legal process for a factual verdict. A court delivers a first-instance ruling, procedural questions are raised, and before the ink is…
- 9 Sept 2013
Banks, Environment Fuel High Interest Rate- CBN
Central Bank of Nigeria (CBN) has accused banks in the country of fueling the high interest rate ghost killing employment creation drive and generally haunting the country, Nigeria CommunicationsWeek…
- 1 Feb 2010
National Mobile Payment Scheme to Commence Mid Year
The Central Bank of Nigeria (CBN) has said that the national mobile payment system will take off in the country by middle of the year. Mr. Abayomi Atoloye, acting director, Banking Operations said…
- 6 Jan 2014
Ministers, Bank Chiefs Jostle for Sanusi’s Job @ CBN
Mr. Olusegun Aganga, minister of Industry, Trade and Investment and Dr. Yerima Ngama, minister of State for Finance have reportedly joined the high-wired corporate cum political chess game to succeed…
- 8 Nov 2017
Experts Seek Improved e-Channels Security, Banks Lose N237bn In 10 Years
By peter oluka Fraudsters, especially through the electronic payment channels have stolen about N237 billion since 2007 from Nigerian banks. This was made known on Monday by the Niyi Yusuf, country…
- 16 Feb 2014
CBN, NIgComSat Ink Nationwide Internet Hotspots Deal
Central Bank of Nigeria(CBN) announced at the weekend that in a matter of days, it will sign a multibillion naira contract with Nigerian Communication Satellite (NigComSat ) Limited to power…
- 8 Mar 2010
MasterCard to Drive Innovation in Nigeria’s Payments Industry
MasterCard Worldwide announced that it will work with customer financial institutions and the government to bring more innovation to commercial transactions and payment solutions to Nigerian…
- 26 Jul 2010
CBN Set to Enforce National Central Switch Monopoly
Central Bank of Nigeria (CBN) is set to release a memo on e-payment interoperability in the country that will mandate that banks should connect to the National Central Switch (NCS) and any other…
- 26 Jul 2015
Winigroup, CBN Seek Collaboration on e-Payment Frauds
Winigroup Ltd, Nigeria’s leading, IT Security, Risk Management Solutions Company in Nigeria and experts in the banking and financial technology industry have called for stronger collaboration among…
- 23 Dec 2021
Titan Trust Bank Acquires Union Bank
Titan Trust Bank Limited (TTB), one of the fastest-growing and customer-centric financial service providers in Nigeria, has acquired Union Bank of Nigeria Plc. This followed an agreement by Union…
- 20 Feb 2014
Jonathan Appoints Emefiele, Zenith Bank Chief to Replace Sanusi
President Goodluck Jonathan has appointed Godwin Emefiele, who is the managing director of Zenith Bank, as the new governor of Central Bank. Mr. Jonathan submitted Mr. Emefiele’s name to the Senate…
- 9 Jan 2014
Pressure on Sanusi to Quit as CBN Governor
The office of the governor of the Central Bank of Nigeria (CBN) is embroiled in a web of claims and counter charges as the presidency has reportedly asked Mallam Sanusi Lamido Sanusi, the governor to…
- 12 Jan 2014
FG Considers Oduoza, UBA Boss, Others as Sanusi’s Successor
The federal government is considering a long list of eminent Nigerians to replace Sanusi Lamido Sanusi, governor of Central Bank of Nigeria (CBN) whose tenure at the apex bank will run out this June,…
- 27 Nov 2012
Lemo, First Bank, MasterCard Others Nominated for FT Awards
Major financial institutions and electronic card payments have in the country have been nominated for awards at the maiden edition of the Nigerian Financial Technology Awards hosted by…
- 19 May 2013
Cheque Truncation, NEFT Battle for Life
The cheque truncation system of the Central Bank of Nigeria (CBN) is threatening the life of Nigeria Electronic Funds Transfer (NEFT) system, an irrevocable fund transfer instruction because the…
- 6 Feb 2012
FirstBank Holds 31% of Card Market, Poised for Cashless Regime
First Bank plc, Nigeria’s oldest commercial bank, said it was ready to fully implement the recently introduced ‘cash-less’ policy announced by the central bank of Nigeria (CBN) on the…
- 11 Feb 2016
Peter Obi Speaks on Life, Entrepreneurship & Politics at Wesley, Lekki
As part of efforts to bridge the yawning mentorship gap in our society, Wesley Chapel, Lekki, has announced Mr. Peter Obi, former governor of Anambra State and chairman, Security and Exchange…