The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, highlighted concerns about the increasing transaction volumes of non-bank financial institutions (NBFIs) in West Africa,…
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The Nigeria Deposit Insurance Corporation (NDIC) has revealed that some customers have not received their insured deposits due to discrepancies in their information. NDIC Managing Director…
The Bank of England (BoE) has issued a warning about the potential for market volatility and economic repercussions due to policy uncertainty tied to upcoming elections…
President Akufo-Addo has directed the Finance Ministry to release ¢1.5 billion to support customers affected by the banking sector clean-up. This announcement was made by Finance…
The World Bank has greenlit a $250 million credit from the International Development Association (IDA) and a $10 million grant from the Energy Sector Management Assistance…
Former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has weighed in on the recent revocation of Heritage Bank’s license by the CBN.…
A high-stakes financial clash has erupted between billionaire businessman Femi Otedola and Jim Ovia, chairman of Zenith Bank, over alleged unauthorized transactions amounting to billions of…
The Central Bank of Nigeria (CBN) has clarified that there are no plans to revoke the licenses of three banks. In a recent press release, Haka…
The Nigerian Deposit Insurance Corporation (NDIC) has announced that depositors at Heritage Bank will start receiving payments by the end of the week. This was revealed…
The Central Bank of Nigeria (CBN) has revoked Heritage Bank Plc’s banking license with immediate effect. In a statement released on Monday, Hakama Ali, the Acting…