Federal fiscal accountability probe summons finance minister, CBN governor
House committees summon Finance Minister Wale Edun and CBN Governor Olayemi Cardoso over unremitted surpluses, lapses and stalled major projects ...
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Tag: CBN
Tony Elumelu boosts UBA stake with ₦1.53 billion share acquisition ahead of capital raise
UBA Chairman Tony Elumelu has increased his stake in the bank by acquiring over 45 million shares worth ₦1.53 billion, ...
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CBN Governor pledges stronger economic ties between Nigeria, Saudi Arabia
CBN Governor Olayemi Cardoso reaffirms Nigeria’s commitment to strengthening economic ties with Saudi Arabia, focusing on key sectors The ...
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CBN orders bank directors with bad insider loans to resign immediately
The CBN has ordered bank directors with non-performing insider loans to resign immediately as part of efforts to strengthen corporate ...
Read moreDetailsCBN staff outraged over consultants’ influence, alleged excessive pay
CBN staff protest against consultants Nkiru Balonwu and Daphne Dafinone over alleged excessive influence and high salaries under Cardoso Tensions ...
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CBN reassures public of deposit safety, debunks allegations against GTCO
The apex bank reassures the public of deposit safety, debunking false claims against GTCO while highlighting regulatory oversight. The Central ...
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CBN sells $543.5 million to banks to reduce forex market volatility
CBN sold $543.5 million to authorised banks to curb volatility in the forex market, with new systems introduced to improve ...
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CBN directs PoS transactions to route through licensed aggregators
The Central Bank of Nigeria (CBN) has directed that all Point of Sale (PoS) transactions must be routed through licensed ...
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CBN disqualifies Stanbic Bank, others in $279 million rDAS auction over compliance Issues
The Central Bank of Nigeria (CBN) disqualified six Nigerian banks in its latest Retail Dutch Auction System (rDAS) on 6 ...
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Public discontent grows as NDIC faces criticism over Heritage Bank liquidation payouts
The Nigeria Deposit Insurance Corporation (NDIC) is facing mounting criticism from the public following the revocation of Heritage Bank's banking ...
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