Banking & Finance
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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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CBN suspends bank charges, direct banks to make refunds
The Central Bank of Nigeria (CBN) has directed Deposit Money Banks to suspend charges on over-the-counter or ATM withdrawals of…
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CBN releases $380m in 2 days
The Central Bank of Nigeria, CBN has pumped a total $380million within two days into the Foreign Exchange Market. And the…
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FY 2016: Fidelity Bank grosses N152bn, proposes 14k dividend
The full year audited results for the top Nigerian lender, released over the weekend at the Nigerian Stock Exchange (NSE),…
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CBN cuts dollar rate to N360
The Central Bank of Nigeria (CBN), has slashed the rate at which it sells dollars to Bureaux De Change (BDCs) in…
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‘Insurance firms owe N19.7b pension fund’
The Pension Transitional Arrangement Directorate (PTAD) yesterday accused insurance firms of failing to remit pension funds totaling N19.7billion. Its Executive…
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Keystone Bank appoints new MD
The management of Keystone Bank Limited has appointed Hafiz Bakare as the bank’s Acting Managing Director/Chief Executive Officer. The new…
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