House of Representatives on Tuesday passed into second reading, a bill seeking to protect victims of fraudulent withdrawal from bank accounts. They overwhelmingly supported the proposed...
Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change (BDC) operators in the country. The CBN’s Acting Director of Corporate Communications,...
Central Bank of Nigeria on Monday authorized foreign banks in the country to work with their parent companies in availing and syndicating foreign currency-denominated loans (dollar...
Nigeria Deposit Insurance Corporation (NDIC) is to go tough on debtors of failed banks, according to Mr. Bello Hassan, new managing director of the organization. Hassan,who...
Central Bank of Nigeria (CBN) has announced the revocation of operating licences of seven payment service providers (PSP), and one switch operator. The apex bank, in...
Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), has faulted claim that his bank obtained court orders to block accounts associated with promoters of...
By Jackson Ugbechie Central Bank of Nigeria (CBN), under the leadership of Mr. Godwin Emefiele, has come under attack recently. Reason? The CBN applied and obtained...
House of Representatives on Tuesday, urged Mr Godwin Emefiele, governor of Central Bank (CBN), to unfreeze five thousand accounts, allegedly frozen by the apex monetary institution....
Central Bank of Nigeria (CBN) has banned banks and development banks from lending to loan defaulters of over N500 million, without its prior approval, according to...
Chief executives and chairmen of banks who fail to publish their institutions’ accounts 12 months after the end of the financial year will be removed from...
