Tag: CBN
CBN withdraws banking license of Heritage Bank
The Central Bank of Nigeria, CBN has revoked the banking licence of Heritage Bank Plc, effective immediately.
This decision was made due to the ban [...]
Court orders interim forfeiture of $4.7m, N830m, several properties traced to Emefiele
The Federal High Court sitting in Lagos has ordered an interim forfeiture of the sums of $4,719,054; N830,875,611, and several properties linked to em [...]
Emefiele gets N300m bail, denies N684.5m note printing
A Federal Capital Territory High Court in Abuja, on Wednesday, granted the immediate past Governor of the Central Bank of Nigeria, Godwin Emefiele, ba [...]
Tinubu directs CBN to halt implementation of cybersecurity levy
President Bola Tinubu has asked the Central Bank of Nigeria, CBN to suspend the implementation of the controversial cybersecurity levy policy and orde [...]
Reps direct CBN to halt implementation of cybercrime levy
The House of Representatives on Thursday, May 9, directed the Central Bank of Nigeria, CBN, to halt the implementation of the cybercrime levy introduc [...]
CBN imposes 0.5 percent cybersecurity levy on all transactions + 5 key facts to know
The Central Bank of Nigeria, CBN, on Monday, May 6, directed banks and other financial institutions to start charging a cybersecurity levy on all bank [...]
How CBN directive triggered Adesola Adeduntan, First Bank MD’s resignation
There are strong indications that the sudden resignation of former Managing Director and CEO of First Bank, Dr Adesola Adeduntan was triggered by dire [...]
Emefiele spent N18.96bn to print just N684m – EFCC reveals
The Economic and Financial Crimes Commission, EFCC has filed a fresh charge at the High Court of the Federal Capital Territory against the embattled f [...]
Depositors express concern as Wema Bank reports N1.13bn fraud
Depositors and stakeholders of the Moruf Oseni-led Wema Bank Plc are worried about the safety of their funds and the health of the lender over the hig [...]
CBN raises commercial banks’ capital base
The Central Bank of Nigeria, CBN, has announced the increment of the capital base for commercial banks with international authorisation to N500 billio [...]