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CBN
Cardoso: 20 Banks Meet CBN Capital Requirement as ₦4.05trn Recapitalisation Gains Momentum
BY NKECHI NAECHE-ESEZOBOR—Central Bank of Nigeria Governor, Mr. Olayemi Cardoso, has disclosed that a total of ₦4.05 trillion has been verified and approved...
Cardoso Hails AU Approval of Nigeria’s Permanent Seat on African Monetary Institute Board
BY NECHI NAECHE-ESEZOBOR—Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), has welcomed the approval by the African Union (AU) granting Nigeria...
Sterling Bank, AltBank Fully Recapitalised as HoldCo Secures Final Regulatory Approvals
Sterling Financial Holdings Company Plc has confirmed that its core banking subsidiaries, The Alternative Bank (AltBank) and Sterling Bank, are fully recapitalised in...
Recapitalisation: Universal Insurance Meets MCR Statutory Deposit, Pays ₦1.165bn to CBN
BY NKECHI NAECHE-ESEZOBOR—Universal Insurance Plc has reinforced its financial strength and regulatory compliance by successfully meeting a key recapitalisation requirement under the Nigerian...
CBN Approves Weekly $150,000 FX Sales to BDCs to Boost Retail Liquidity
BY NKECHI NAECHE-ESEZOBOR-The Central Bank of Nigeria (CBN), on Tuesday said it has approved the participation of licensed Bureau De Change (BDC) operators...
CBN Eases Import Process with Temporary Use of Expired NAFDAC Licences
BY NKECHI NAECHE-ESEZOBOR-The Central Bank of Nigeria has granted a temporary dispensation permitting importers to use National Agency for Food and Drug Administration...
Electronic Fraud Losses Decline, CBN, NIBSS Call for Deeper Industry Cooperation
The Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement System Plc (NIBSS) have urged financial institutions to deepen collaboration in order...
CBN, NDIC challenge court jurisdiction to hear Aso Savings, Union Homes’ suit over licence revocation
Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Cooperation (NDIC), on Monday, challenged the jurisdiction of the Federal High Court in Abuja...
