June 03
Nigeria: Access Bank Engages Customers in Benin, Owerri, and Enugu
Access Bank recently hosted interactive sessions with its customers in Benin, Enugu, and Owerri, the capital of Imo State. Read more »
Nigeria: Greenwich Merchant Bank Gets CBN Nod to Become a Holding Company
Greenwich Merchant Bank, a prominent provider of high-end financial services in Nigeria, has secured Approval-in-Principle (AIP) from the Central Bank of Nigeria (CBN) to… Read more »
Nigeria: Investors in Fidelity Bank Stock Earns 507 Percent Gain in Five-Years
Kayode Tokede Read more »
Nigeria: Promo - Wema Reiterates Commitment to Customers, Disburses N90m
Wema Bank has rounded off its 5 for 5 season 3 promo with over N90 million disbursed to Nigerians across the country, topping the cumulative N63.3 million from Season 1 and 2, and… Read more »
May 22
Nigeria: Insurance Bill and Calls for Tinubu's Attention
As insurance regulator and operators renew their interest in seeing the long awaited Consolidated Insurance Bill passed into law, stakeholders have advised insurers not to leave… Read more »
Nigeria: Enhancing Depositors' Confidence in Banking Industry
James Emejo scrutinises the recent policy intervention by the NDIC to prevent potential bank runs as well as boost confidence in the banking sector amid rising inflation, and naira… Read more »
May 15
Nigeria: NIA Pledges Collaboration With NAICOM for Consolidated Insurance Bill
The Nigerian Insurers Association (NIA) has said that it would collaborate with the National Insurance Commission (NAICOM) to implement the 10-year strategic plan and finalise the… Read more »
April 22
Nigeria: Firstbank Holdings Announces Olusegun Alebiosu Acting Chief Executive of FBN
The Board of FBN Holdings Plc, yesterday, announced the appointment of Mr. Olusegun Alebiosu as acting Chief Executive, First Bank of Nigeria Limited (FirstBank), its flagship… Read more »
April 21
Nigeria: CBN Partners International Money Transfer Companies to Double Remittances to Nigeria
*Remittance task force to report directly to Cardoso Read more »
April 01
Nigeria: Banking Sector Recapitalisation - Much Ado About Retained Earnings
Behind the figures by Ijeoma Nwogwugwu Read more »
March 23
Nigeria: Notorious Missteps of Cardoso's CBN
When you want unvarnished truth, served with profound elan, brutal elucidation, and delivered with missile-guided robustness, the man you need is Marcel Okeke. He comes heavily… Read more »
March 13
Nigeria: Herbert Is Gone, Long Live Herbert
Ever since February 10, 2024, when I learnt of the tragic death of Herbert, his dear wife, Chizoba; his son, Chizi; and our mutual friend, Bimbo, I have been wanting to write to… Read more »
February 22
Nigeria: Tinubu Appoints Kemi Nandap Nis Cg, Ibrahim Gaga Neximbank Director
President Bola Tinubu yesterday approved the appointment of Kemi Nanna Nandap as the Comptroller-General of the Nigeria Immigration Service (NIS), with effect from March 1, 2024. Read more »
February 06
Nigeria: Cardoso, CBN and the Nigerian Economy
It is not just the menace of insecurity in the land that has been in the news in Nigeria, the economy too, and indeed the latter for obvious reasons as well, with the national… Read more »
January 31
Nigeria: CBN Issues Fresh Requirements to Mitigate Foreign Currency Risks
The Central Bank of Nigeria (CBN) Wednesday expressed concern over the growth in foreign currency exposures of banks through their Net Open Position (NOP). Read more »
January 10
Nigeria: Central Bank Sacks Boards of Titan Trust, Union, Keystone, Polaris Banks
The Central Bank of Nigeria (CBN) on Wednesday sacked the boards of Titan Trust Bank, Union Bank, Keystone Bank and Polaris Bank. Read more »
December 24, 2023
Nigeria: Former Central Bank Governor Meets Bail Conditions, Regains Freedom
Former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has been released from the Kuje Correctional Centre after fulfilling his bail conditions. Read more »
December 25, 2023
Nigeria: Emefiele, Mustapha, TGI Group Refute Obazee's Report On CBN Investigation
Report on the special investigation into the activities of the Central Bank of Nigeria (CBN), recently submitted to President Bola Tinubu, by a special investigator, Jim Obazee,… Read more »
December 11, 2023
Nigeria: CBN Suspends Charges On Cash Deposits Above N500k
In a move aimed at providing temporary relief to bank customers and easing cash crunch, the Central Bank of Nigeria (CBN) has announced the suspension of processing fees on cash… Read more »
December 02, 2023
Nigeria: Banks to Close Accounts Without Verification, Identity Number
The Central Bank of Nigeria (CBN) yesterday said it has become mandatory for all Tier-1 bank accounts and wallets for individuals to have either the Bank Verification Number (BVN)… Read more »
November 13, 2023
Nigeria: Respite Seen for Naira As CBN Intensifies Settlement of Forex Backlogs
The Central Bank of Nigeria (CBN) has intensified its clearance of backlogs of foreign exchange (FX) forwards, raising hope for the strengthening of the naira in the coming days. Read more »
October 13, 2023
Nigeria: CBN Lifts Forex Restrictions On Importation of Rice, Cement, Palm Oil, 40 Other Items
The Central Bank of Nigeria (CBN) yesterday, declared that importers of 43 items previously restricted from accessing foreign exchange (FX) at the official window are now allowed… Read more »
August 14, 2023
Nigeria: Central Bank Vows to Crackdown On Currency Speculators
The downward slide of the exchange rate of the naira to dollar has attracted the attention of the government at the centre as the Central Bank of Nigeria (CBN) on Monday expressed… Read more »
July 18, 2023
Nigeria: Protecting Families of Deceased Bank Customers
There is urgent need for a legislation to ensure easy access to accounts of the deceased by their families Read more »
July 15, 2023
Africa: Access Bank Expands Reach in Africa, Signs Deal to Buy Standard Chartered's Subsidiaries in 5 Countries
Standard Chartered Bank and Access Bank Plc have entered into agreements for the sale of Standard Chartered's shares in its subsidiaries in Angola, Cameroon, The Gambia, and Sierra… Read more »