Just in: CBN revokes Skye Bank licence, names Polaris as receiving bridge bank
The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, this Friday evening, September 21, 2018, announced the immediate revocation of the operating licence of Skye Bank Plc, but maintained sealed lips on reasons behind the regulatory action. While…
Can CBN stop deceiving Nigerians, reach deal with banks on mutilated notes—Expert
A top banking expert working for one of the new generation banks (name with held), has called on the Central Bank of Nigeria (CBN) to stop deceiving Nigerians especially the informal sector operators in disbursing new lower naira denominations directly…
Finance experts list agenda for stand-in Minister of Finance, Zainab Ahmed
Following the abrupt end of an era, talking about the weekend resignation of former Minister of Finance, Mrs. Kemi Adeosun, President Muhammadu Buhari has drafted in the former Minister of State for National Budget and Planning, Mrs. Zainab Ahmed to…
CBN to fine banks’ frustrating reversal of failed e-payments after 24 hours
Latest directive from the Central Bank of Nigeria (CBN) to all commercial banks on automatic 24 hours reversal of any failed digital transfer has received tremendous accolades from millions of Nigerians. In a ‘Circular on the regulation on instant inter-bank…
MTN: ‘CBN considered economy, customers’ not to withdraw banks licences’
Even as MTN Nigeria plans to approach an Abuja High Court to seek legal redress over the recent sanctions leveled against it on grounds of breaches in Certificate of Capital Importation (CCI) and tax evasion, fresh details have emerged on…
MSMEs lose businesses valued at N1bn daily to mutilated N100, torn N200 notes—BHIU
Whereas the federal government had through its ongoing numerous empowerment development programmes for Micro- Small and Medium Enterprises (MSMEs) been building their operational capacities, there is a monster currently frustrating activities in the segment and other informal sub-sector operators. A…
(Special Report) How Sanusi toddled 9 banks into murky waters of $7bn bailout
…AS FG drops panel chairman from media interviews henceforth Since weekend when the Federal Government through its Special Presidential Panel for the Recovery of Public Property announced plans to recover the $7bn bailout fund granted commercial banks between 2006 and…
Nigerians seek CBN, banks’ explanation for ATM monthly maintenance fee, others
Nigerians running accounts in several commercial banks have started asking serious questions on the monthly surcharge for ‘Automated Teller Machine (ATM) Maintenance Fee’, saying such charges should not be paid by customers but borne by banks as part of their…
Apathy on MTN’s 35% shares in Ghana, latest CBN’s hammer cloud NSE listing
More signals have emerged indicating that the endless back and forth movement of preparations by leading telecoms giant, MTN Nigeria to list on the Nigerian Stock Exchange (NSE) may face permanent back movement. Since 2015 after it was clear that…
Just in: MTN contests CBN’s claims on abuse of extant laws, cites Senate clearance
…Affected 4 banks remain mute Following trended financial sanctions imposed on four banks and order by MTN to refund $8.1 billion to the Central Bank of Nigeria (CBN), the embattled telecoms giant, MTN Nigeria has brushed aside the claims of…
