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CBN revokes nine micro-finance banks’ licences CBN revokes nine micro-finance banks’ licences

The National Association of Micro Finance Banks on Monday said that nine out of the 34 micro finance banks in Niger have lost their opera...

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Naira loses marginally against dollar at parallel market Naira loses marginally against dollar at parallel market

The Naira on Monday lost 50 kobo to close at N360.5 to the dollar, weaker than N360 posted on Friday at the parallel market in Lagos. T...

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Dangote introduces new cement brand Dangote introduces new cement brand

Dangote Cement Plc on Monday unveiled a new brand of its product known as the Dangote BlocMaster, a 42.5 grade cement. The Group Managi...

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Spray Naira in parties and go to jail Spray Naira in parties and go to jail

Those who “spray” naira notes at parties risk going to jail, the Bankers Committee warned yesterday. Mobile courts are to try those bas...

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Nigeria’s foreign reserve still strong - CBN Nigeria’s foreign reserve still strong - CBN

Central Bank of Nigeria (CBN) has explained the recent reduction in the level of the country’s foreign reserves but has said that the f...

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Mimiko dumps Labour Party Mimiko dumps Labour Party

The former governor of Ondo State, Olusegun Mimiko, has dumped the Labour Party for the Zenith Labour Party. The spokesman for the form...

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CBN to revoke 154 microfinance banks’ licences, 28 others CBN to revoke 154 microfinance banks’ licences, 28 others

The Central Bank of Nigeria on Wednesday gave a notification to revoke the operating licences of 182 other financial institutions in the ...

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Naira weakens against dollar Naira weakens against dollar

The Naira on Monday weakened against the dollar at the investor’s (I&E) window, exchanging at N364.28, weaker than N363.68 traded on ...

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Skye Bank license revocation: Nigerians react Skye Bank license revocation: Nigerians react

Financial experts and shareholders on Saturday expressed mixed reactions over the decision of the Central Bank of Nigeria (CBN) to revok...

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Osun election: Security operatives arrest fake INEC official in Ile-Ife Osun election: Security operatives arrest fake INEC official in Ile-Ife

Security operatives have arrested a fake official of the Independent National Electoral Commission in Ile-Ife.

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CBN withdraws Skye Bank’s license CBN withdraws Skye Bank’s license

The Central Bank of Nigeria (CBN) has withdrawn the operating license of Skye Bank.

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NLC urges MTN to pay $10 Billion fine NLC urges MTN to pay $10 Billion fine

The Nigeria Labour Congress (NLC) has urged communication giant MTN Nigeria to comply with the directive of the Federal Government to pay...

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Buhari pushes for ECOWAS single currency Buhari pushes for ECOWAS single currency

President Muhammadu Buhari has called on countries under the ECOWAS sub-region to put in more efforts to achieve the single currency prog...

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Orji Kalu’s absence stalls N3.2bn fraud trial Orji Kalu’s absence stalls N3.2bn fraud trial

The trial of a former Governor of Abia State, Orji Uzo Kalu, over an alleged N3.2 billion fraud was stalled again at a Federal High Court...

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British Airways apologises after 380,000 customers hit in cyber attack British Airways apologises after 380,000 customers hit in cyber attack

British Airways (BA) was forced to apologise on Friday after the credit card details of hundreds of thousands of its customers were stole...

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CBN debits four banks N5.87 Billion for MTN deals CBN debits four banks N5.87 Billion for MTN deals

The Central Bank of Nigeria (CBN) yesterday made good its threat to fine four banks that breached its capital importation policy N5.87 b...

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Naira gains against dollar at parallel market Naira gains against dollar at parallel market

The Naira on Tuesday gained one kobo to exchange at N359 to the dollar, stronger than N360 posted on Monday.

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MTN rejects CBN directive to refund $8.1 billion MTN rejects CBN directive to refund $8.1 billion

MTN Nigeria has rejected the CBN directive to refund $8.1 billion, insisting that it did no wrong. It said that all the dividends it paid...

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MTN rejects CBN’s order to refund $8.1 Billion MTN rejects CBN’s order to refund $8.1 Billion

Popular mobile company MTN Nigeria yesterday rejected the allegation that it repatriated $8.1 billion illegally. The Central Bank of Nige...

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CBN imposes N5.8 Billion fine on four Nigerian banks CBN imposes N5.8 Billion fine on four Nigerian banks

he Central Bank of Nigeria on Wednesday said it had imposed a total fine of N5.87bn on four banks for flagrant violation of extant laws a...

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