6 results
- 19 Feb 2020
CBN Releases List of Authorised Banks in Nigeria
Central Bank of Nigeria (CBN) has released the list of deposit money banks and financial holding companies operating in Nigeria, meaning that anybody who transacts banking business outside the list…
- 3 Jan 2025
Court Freezes 21 Bank Accounts, Orders Holders’ Arrest over Alleged Money Laundering
Justice Emeka Nwite of the Federal High Court, Abuja, on Friday, ordered the temporary freezing of 21 bank accounts domiciled in some commercial banks in the country. He also ordered the arrest of…
- 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…
- 25 May 2026
NIBSS Blames System Glitch for Disappearance of N13.66Bn, Seeks Court Nod for Recovery
Nigeria Inter-Bank Settlement System Plc (NIBSS) has sued 19 commercial and microfinance banks, over N13.66 billion allegedly lost to unauthorized transfers following a major glitch on its payment…
- 3 Sept 2020
NDIC Seeks Strict Implementation of Fiscal, Monetary Policies
Umaru Ibrahim, managing director of the Nigeria Deposit Insurance Corporation (NDIC), has said that effective implementation of fiscal and monetary policy measures are critical towards addressing the…
- 30 Jul 2024
Summit Bank, New Islamic Bank Gets CBN’s License
Summit Bank, a new Islamic bank has just received provisional licensing from the Central Bank of Nigeria (CBN), to operate non-interest banking, devoid of interest rates. Summit Bank brings to six…