Seventeen Indian banks have received 71.82 billion rupees ($967 million) by selling defaulter and former billionaire Vijay Mallya's stake in the United Breweries Ltd.
According to a statement by the Enforcement Directorate, the shares were seized by the agency, which specialises in investigating...
The Managing Director of Workman Microfinance Bank in Bauchi State, Sarita Aliyu Hello, has been sentenced to five years imprisonment on a two-count charge bordering on misappropriation and forgery brought against her by the Economic and Financial Crimes Commission...
The Kaduna State Internal Revenue Service (KADIRS) has sealed the branch offices of four banks in Kaduna over N300.5 million unpaid taxes.
Executive Chairman of KADIRS, Dr. Zaid Abubakar, identified the affected banks as First Bank, Access Bank, Guaranty Trust...
Commercial banks in Nigeria refunded N89.2 billion to customers as at the end of June 2021 over several complaints.
Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, disclosed this during a CBN Fair held simultaneously in Cross River...
The Central Bank of Nigeria (CBN) has announced the formal engagement of the global Fintech Company, Bitt Inc., as the Technical Partner for its digital currency, eNaira.
This development was disclosed in Abuja by the Central Bank Governor, Mr Godwin...
The newest and third Non-Interest Bank (NIB) in the country, LOTUS Bank Ltd., has commenced operations in three new locations in Lagos State.
Managing Director of LOTUS Bank Ltd., Mrs Kafilat Araoye, in a statement on Friday said that with...
Sterling Bank Plc. has unveiled Sterling CARES, a free banking service for non-governmental organisations (NGOs), to empower non-profit organisations across the country.
This was disclosed in a statement issued by the Chief Executive Officer of Sterling One Foundation, Mrs. Olapeju...
Telecommunications giant, MTN Nigeria, will soon offer 14 per cent of its shares to over two million Nigerian retail investors.
The communications giant will also invest more than N600 billion in network infrastructure over the next three years to improve...
The Nigerian Communications Commission (NCC) has expressed worry over the financial state of telecommunications companies in the country.
According to the Commission, an audit of the financial status of the telcos revealed that some of them are not in good...
The Minister of Communications and Digital Economy, Dr. Isa Pantami has said that the Information and Communication Technology sector contributed over N1.05 trillion to the Federal Government’s purse in the last two years.
The Minister, who disclosed this while commissioning...
