Banking & Finance
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CBN issues new directive on e-payments, pensions
The Central Bank of Nigeria (CBN) has issued a directive for the commencement of the end-to-end electronic payment of salaries,…
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Nigeria to establish Entreprenuer bank
Vice President Yemi Osinbajo has said the country plans to establish an Entrepreneur Bank to provide flexibility in provision of…
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Goldlink Insurance set to raise N3.3 billion
Stakeholders of Goldlink Insurance Plc, have given approval for the repositioning of its business through rights issue worth N3.3 billion.…
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Governor Ambode flags off E-Tax payment campaign
Lagos State Governor, Akinwunmi Ambode, has flagged off the electronic tax payment campaign of the state which will allow residents and…
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Thirteen women arrested for hawking Naira note in Port Harcourt
About thirteen women, who specialize in hawking various denominations of the Naira note, have been arrested by law enforcement agents…
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Court orders CBN, 19 Banks to freeze over 15 million accounts
A Federal High Court in Abuja, presided over by Justice Nnamdi Dimgba has ordered the Central Bank of Nigeria and…
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Nigeria interbank lending rate rises
Nigeria’s interbank lending rate rose to around 15 percent on Friday from 5 percent last week after commercial lenders paid…
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Nigeria’s Forex reserves fall to $30.49bn – CBN
Nigeria’s foreign exchange reserves fell to $30.49 billion as of May 25, the lowest level since April 18 and down…
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CBN to revoke licences of Micro Finance Banks for non- compliance
The Central Bank of Nigeria, CBN, has disclosed that it would revoke the operating licences of micro finance banks, and…
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CBN Expels Ecobank, GTB, 12 others from FOREX market
The Central Bank of Nigeria (CBN), on Tuesday, barred United Bank for Africa (UBA), First Bank and 12 others from dealing…
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