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Buhari, Atiku campaign groups trade words over plot to bring in...

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The Buhari Media Organisation (BMO) and the Atiku Media Office are locked in a war of words over the former’s allegation that presidential candidate of the...

CBN gives nod to Access Bank-Diamond Bank merger

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The proposed merger between Access Bank Plc and Diamond Plc yesterday received heavyweight endorsement from the Central Bank of Nigeria (CBN), which said it...

CBN reviews capital requirements for microfinance banks

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The Central Bank of Nigeria has reviewed the state of health of microfinance banks in the country in a bid to tackle the challenge...

Standard Chartered Bank, three others debited N5.87bn over MTN deals

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The Central Bank of Nigeria (CBN) has debited Standard Chartered Bank, Stanbic IBTC, Citibank Nigeria and Diamond Bank for helping MTN Nigeria Communications Limited...

CBN fines four banks N5.9bn for illegal forex transactions

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The Central Bank of Nigeria (CBN) has fined Standard Chartered Bank, Stanbic IBTC Nigeria, Citibank Nigeria and Diamond Bank Plc N5.87 billion for illegal...

PMB appoints four non-executive directors for CBN

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President Muhammadu Buhari has approved the appointment of four non-executive directors for the Central Bank of Nigeria. The appointees are Adeola Adetunji, Prof. Mike Obadan,...

FG, CBN to bring down interest rates

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The vice president, Prof. Yemi Osinbajo has said that the government will have to look at how to substantially reduce interest rates to make...

Bank customers complain of cheating through ATM charges

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Commercial bank customers have decried excess charges by banks through automated teller machine (ATM) withdrawals. Some customers said they dread making withdrawals using other banks’...

Ogun Police Command arrests five currency hawkers with N1.5m

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The police in Ogun State have apprehended five persons in different parts of the state for allegedly hawking freshly minted naira notes. Spokesman for the...

CBN lends banks N27.6tr in six months

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Banks borrowed N27.46 trillion from the Central Bank of Nigeria (CBN) in six months, according to the apex bank’s half year report on financial...
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