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EFCC chair to banks’ CEOs: Play by rules in fight against...

The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has called on the Chief Executive Officers (CEOs) of banks across the...

CBN vows to prosecute forex defaulters, settles $2bn liabilities

The Central Bank of Nigeria (CBN) has vowed to enforce appropriate sanctions on forex defaulters. The apex bank declared that it is collaborating with relevant...

Naira scarcity: Nigerians groan as banks, PoS operators trade blame

Some residents of Ibadan, the Oyo State capital, have decried the persistent scarcity of naira notes, as banks and Point of Sale (PoS) operators...

Investors lose N638bn as telco, banks’ shares depreciate

The Nigerian Exchange Ltd. closed trading on Wednesday, January 10, 2024 on a negative note, due to price depreciation posted by Tier-one bank stocks...

Acquisition: Your money safe in banks, CBN assures Nigerians

The Central Bank of Nigeria (CBN) has assured depositors and customers of Nigerian banks of the safety of their funds in the banks. The Acting...

CBN: Banks colluding with PoS operators to disrupt naira circulation

The Central Bank of Nigeria (CBN) says there is a collusion between some Deposit Money Banks (DMBs) and Point-of-Sale (PoS) operators affecting the availability...

N3.5bn debt: Court freezes Oyo govt’s accounts in 10 banks

The accounts of the Oyo State Government in 10 commercial banks in the country have been frozen. The banks in which the state government’s accounts...

CBN: Nigerian banks are buoyant

The Central Bank of Nigeria (CBN) has assured the banking public that Nigerian banks are buoyant. The CBN said this in a statement issued by...

Economy: CBN announces new recapitalisation for banks

The Central Bank of Nigeria (CBN) has announced plans to implement a new round of banking recapitalisation for the Deposit Money Banks (DMBs) in...

Strike: Students sent home, banks shut in Ondo

Pupils and students of public schools in Akure, the Ondo State capital, were on Tuesday sent home following the directive by the Organised Labour...