Heritage Bank has N650bn deposit, loans worth N700bn – MD NDIC
The Nigeria Deposit Insurance Corporation (NDIC), says it will begin payment of insured sum to 2.3 million depositors of
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Banking/Finance
CBN Terminates License Of Well-Known Commercial Bank
The Central Bank of Nigeria (CBN) has revoked the operating license of Heritage Bank, a notable commercial bank in the
Read MoreCybersecurity Levy: Why Tinubu Stopped Implementation — Presidency sources
President Bola Tinubu The Central Bank of Nigeria (CBN) is expected to direct banks to suspend the implementation of
Read MoreEFCC Tasks Banks’ Compliance Officers on Corruption, Money Laundering
The Executive Chairman, Economic and Financial Crimes Commission, EFCC, Ola Olukoyede, has charged banks’ compliance officers to be diligent
Read MorePolice Arrest 17 Forex Hawkers For Suspected Illegal BDC Operations
The police have arrested 17 suspected forex hawkers for illegal operation of Bureau de Change in Wapa area of Fagge
Read MoreCBN releases licensed Deposit Money Banks (Full List)
The Central Bank of Nigeria (CBN) has released a comprehensive list of 44 licensed Deposit Money Banks operating within
Read MoreNigerians Hoarding 94% Cash, Says CBN Report
Nigerians are holding onto cash at an unprecedented rate with a staggering 94 percent of the currency outside the
Read MoreAlebiosu Replaces Adeduntan As First Bank Managing Director
First Bank of Nigeria has appointed Olusegun Alebiosu as its acting managing director, two sources with knowledge of the development
Read MoreDisquiet In CBN As Cardoso Retires ‘Emefiele’s Directors’
Barring any last minute changes, at least eight directors at the Central Bank of Nigeria (CBN) would be served
Read More17 out of 24 banks may not meet CBN capital requirements — Report
A new report from Ernst and Young estimates that 17 out of 24 banks might not meet the capital
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