Tag Archives: Central Bank of Nigeria
CBN Revokes Heritage Bank Licence Over Financial Instability
The Central Bank of Nigeria (CBN) has revoked the banking licence of Heritage Bank Plc, citing the bank’s failure to improve its financial performance, which poses a threat to financial stability. The revocation, which takes immediate effect, was announced in
More Naira Notes As Banks Get Old Notes Deposited with CBN today
Reliable sources in the CBN said banks have been instructed to collect the old Naira noted they deposited in CBN and that before the end of the week, the country would be awash with Naira notes.
2023: CBN Governor, Godwin Emefiele, Not Interested in Presidential Race
No doubt, President Muhammadu Buhari bears, like a badge, an indecipherable flame of affection for the Central Bank of Nigeria, CBN Governor, Godwin Emefiele. Honestly, his love for Emefiele resonates, even as you read, as a melody of faith whose mutuality and
Heritage Bank to Disburse CBN’s N100bn Loan to Health, Sells FX to SMEs, Education Sectors
As part of proactive measures to cushion the effect of the COVID-19 and revamp the nation’s dwindling economy, Heritage Bank is set to disburse the N100billion set aside by the Central Bank of Nigeria (CBN). This is in line with
Buhari Reappoints Godwin Emefiele As Central Bank Governor
President Muhammadu Buhari has nominated Godwin Emefiele for a second term as governor of the Central Bank of Nigeria (CBN). Emefiele was first appointed in 2014 by former president Goodluck Jonathan and was retained when Buhari came to office in
MTN Faces More Questions over $8.134 Billion Remittances
As the fines imposed on four banks by the Central Bank of Nigeria (CBN) and its directive to MTN Nigeria to refund a total of $8.134 billion over MTN illegal capital repatriation continue to generate concerns, the Central Bank is
Illegal $Billion Repatriation! How Stanbic, Standard Chartered Bank, Diamond Bank ,CitiBank Sabotaged Nigeria with MTN
The Central Bank of Nigeria (CBN) on Wednesday wielded the big stick on mobile telecom firm, MTN Nigeria Communications Limited, and four commercial banks alleged financial infractions. The CBN’s spokesperson, Isaac Okorafor, in a statement sent to PREMIUM TIMES on
Nigerian State Governors, Senate President Saraki Pocketed Billions Of Naira From Paris Loan Refund
In one of the largest financial scandals in recent years, Nigeria’s 36 state governors and Senate President Bukola Saraki pocketed large slices of funds approved by the Federal Government to reimburse states for the excessive deductions charged to them on
Customers Storm Heritage Bank to Withdraw funds Over fear of Liquidity
Anxious customers jammed the phone lines and website of Heritage Bank Plc and crowded most of its branch offices to pull out their savings because of concerns about fresh financial problems of the bank. Though, the Central Bank of Nigeria,
First Bank Denies Violating FG Directive on TSA
First Bank has denied violating the Federal Government’s directive on the Treasury Single Account in respect of a Nigerian National Petroleum Corporation dollar account. The bank in a statement on Saturday by its Corporate Affairs Manager, Babatunde Lasaki, said the
