Aso Savings may collapse like other 158 MFBs if FG recovers all held funds—Analysts
Not up to one month after the Central Bank of Nigeria (CBN) disclosed that about 182 financial institutions including 158 Micro Finance Banks (MFBs) and 22 Finance Houses have collapsed and their licences withdrawn, there are fears that one of…
CBN Vs. MTN: Out of court settlement on $8.1bn return imminent—Experts
…As Emefiele’s comments buoy MTN shares by 2% on JSE A number of finance experts who weighed weekend’s comments in London by the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, have started seeing a possible down review of…
CBN reveals how API ushered in new banking model, freezed one-size-fits-all
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has given details on how the bank revolutionized the nation’s banking industry with the help of Alpha Project Initiative (API). Speaking at the 2018 Financial Markets Conference on the theme…
Diamond Bank may exceed 40% lead in USSD transactions volume soon
Whereas the management of leading financial institution, Diamond Bank Plc has said it now controls 40 percent of the volume of Unstructured Supplementary Service Data (USSD) transactions in the banking sector, industry pundits are of the opinion that the bank…
CBN gives rare graphic details to build up of latest MTN, banks sanctions
The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele on Thursday opened up on salient issues that led to its directive on MTN Nigeria to return $8.1bn it repatriated in connivance with four banks without waiting the final…
Skye Bank: Experts query meaning of investigating retained, failed board
…Polaris now upgraded from bridge to full-fledged bank Barely one week after the Central Bank of Nigeria (CBN) and Nigerian Deposit Insurance Corporation (NDIC) literally changed the logo and name of Skye Bank to Polaris Bank and injected Nigerian commonwealth…
Just in: MPC ends two-day meeting in Abuja, maintains status quo to remain safe
Contrary to several experts’ views that the Monetary Policy Committee (MPC) meeting of the Central bank of Nigeria (CBN) that started on Monday will end today with slight adjustments on rates, it rather chose to maintain status quo by keeping…
(Business Intelligence) From Skye to Polaris Bank; Hard questions for CBN, NDIC
Whereas several Nigerians and mainly customers’ of Polaris Bank, formally Skye Bank may feel good based on the pronouncement of the Central Bank of Nigeria (CBN) while revoking its licence, not many could recall that it is the same apex…
(Special Report) CBN: From no plan to recover N640bn to ‘dashing’ another N786bn
…As Nigerians decry ‘A Bold New Beginning’ advert by Polaris Bank At a time Nigerians are upbeat that the Nigeria Deposit Insurance Corporation (NDIC) and the Central Bank of Nigeria (CBN), through which the N640bn (about $7bn) bailout was lavishly…
2019 fever, US-China trade crisis to disrupt views as MPC meeting begins today
Starting from today, Monday, September 24, 2018, the Monetary Policy Committee (MPC) of the Central bank of Nigeria (CBN), will commence its two-day monetary policy meeting in a period of rising electioneering heat and unpredictable outlook from the ever-rising US/China…
