May 07
Nigeria: Order CBN to Stop 0.5% Charge On Electronic Banking Transactions, SERAP Urges Tinubu
The CBN said the directive was to comply with the amended Cybercrime Act. Read more »
Nigeria: CBN Directs Banks to Charge 0.5% Cybersecurity Levy On Transactions
The levy shall be applied at the point of electronic transfer origination, then deducted and remitted by the financial institution. Read more »
April 21
Nigeria: It's Official - First Bank Confirms Alebiosu As Acting CEO
PREMIUM TIMES reported the appointment of Mr Alebiosu following the surprised resignation of Adesola Adeduntan Read more »
Nigeria: First Bank Appoints New MD/CEO
Mr Alebiosu takes the crown from Adesola Adeduntan, who gave up the role abruptly on Saturday even though he was due to complete his tenure in December. Read more »
Nigeria: Meet the Man Who Will Succeed Adeduntan As First Bank CEO
Segun Alebiosu began his professional career in 1991 with Oceanic Bank Plc and joined FirstBank in 2016. Read more »
April 01
Nigeria: Cppe Speaks On CBN Recapitalisation of Banks
"The purpose of adequate capitalization is to ensure the efficiency and stability of the financial system," the think tank said. Read more »
April 02
Nigeria: Zenith Bank Named Nigeria's Best Bank for the 4th Year
The Bank emerged as the best bank in Nigeria in the Global Finance Best Banks Awards 2024 Read more »
March 28
Nigeria: CBN Directs Nigerian Banks to Increase Capital Base
All banks are required to meet the minimum capital requirement within 24 months Read more »
March 26
Nigeria: Central Bank Raises Interest Rate
The committee voted to retain the Cash Reserve Ratio (CRR) at 45 per cent for commercial banks and adjust the CRR of merchant banks from 10 per cent to 14 per cent Read more »
March 17
Nigeria: CBN Reiterates Directive to Banks On Utilisation of Forex Gains
Banks shall not utilize such FX revaluation gains to pay dividends or meet operating expenses. Read more »
March 08
Africa: How Nigeria, Africa Can Tackle Poverty - Adesina
Africa's present and former presidents were among hundreds of guests who attended the award ceremony where Mr Adesina delivered the Awolowo Foundation's annual lecture. Read more »
March 05
Ghana: Bank of Ghana Suspends GTB, Firstbank's Forex Licences
The Bank of Ghana on Monday announced the suspension of the Foreign Exchange Trading Licences of Guaranty Trust Bank Ghana Limited (GTB) and FBNBank Ghana Limited (FBN). Read more »
Nigeria: Centra Bank's Missing $4.5 Billion and Need to Reset the Anti-Graft War
The lack of Nigeria's seriousness in the fight against corruption is epitomised by the EFCC's revival this January, of the N772 billion fraud cases of 13 former governors, who left… Read more »
March 01
Nigeria: Central Bank Revokes Operating Licenses of Thousands of Forex Bureaus
The Central Bank of Nigeria (CBN) has revoked the operational licences of 4,173 Bureaux De Change operators in the country. Read more »
February 29
Nigeria: South-East Nominee for Membership of CBN Board Rejects Tinubu's Appointment
Urum Eke, a consultant to the World Bank and other international financial institutions, rejected his nomination to avoid conflict of interest. Read more »
February 28
Nigeria: Mixed Reactions Trail Central Bank's Monetary Policy Decisions
The Monetary Policy Committee of the Central Bank of Nigeria Tuesday announced a significant increase in its benchmark lending rate by 400 basis points to 22.75 per cent Read more »
February 27
Nigeria: Senate to Probe N30trn 'Ways and Means' Obtained By Buhari Administration From CBN
During the plenary last Tuesday, members of the upper chamber resolved to probe the facility the Buhari administration obtained from the CBN under the leadership of Godwin… Read more »
February 18
Africa: AfDB Report Puts Africa's GDP At 3.8 Percent in 2024
"Despite the challenging global and regional economic environment, 15 African countries have posted output expansions of more than five per cent." Read more »
February 15
Nigeria: Fx - CBN Imposes 50 Percent Cap On IOCs Repatriation
"Banks are allowed to pool cash on behalf of IOCs, subject to a maximum of 50 per cent of the repatriated export proceeds in the first instance...," the bank said. Read more »
February 12
Nigeria: Stock Watch - Mutual Benefits, UBA, Ecobank Top Stocks Pick This Week
This is not a buy, sell or hold recommendation but a stock investment guide. Read more »
February 11
Nigeria: Obituary - Herbert Wigwe, the Visionary Who Co-Built Nigeria's Biggest Lender
At GTB, he allied with long-time friend and business partner Aigboje Aig-Imoukhuede, also an executive director at the bank at that time, both of whom together made a bid to buy… Read more »
February 05
Nigeria: We Inherited $7 Billion Unpaid FX - Cardoso
Mr Cardoso said the infractions observed included some entities not having valid import documents, and that in some cases, even entities that did not exist were captured. Read more »
Nigeria: CBN Uncovers $2.4 Billion False Forex Claim Pressuring Naira - Cardoso
The CBN hired Deloitte to investigate the forex claims in order to get a true picture things, Cardoso said. Read more »
January 31
Nigeria: Senate Panel Summons CBN Governor Over State of Economy
The committee asked the CBN Governor to appear before it on Tuesday next week. Read more »
January 25
Nigeria: Ndume Faults Plan to Relocate CBN Departments, Faan Headquarters to Lagos
"This is one of the mistakes and I'm sure Mr President will reverse it because it doesn't work. You can't have two capitals," Mr Ndume said. Read more »