Banking

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Court Commits Abdulrasheed Maina To 8 Years Imprisonment

A Federal High Court, Abuja, on Monday, convicted and sentenced Abdulrasheed Maina, Chairman, defunct Pension Reformed Task Team (PRTT), to 8 years imprisonment. Justice Okon...

Banks In Trouble As MTN, Airtel Get CBN’s Approval To Start Banking Business

Two leading telecommunications giants, MTN Nigeria and Airtel have finally been given approval-in-principle by the Central Bank of Nigeria (CBN) to commence banking business...

Early Setback For eNaira As Google Play Store Removes App Over Complaints

Less than two days after its launch by the Central Bank of Nigeria (CBN), the eNaira application has been removed from Google Play Store...

Nigerians React As Naira Dips To N575, Days After AbokiFX Suspension

Nigerians have continued to react as the Naira sold between N572 and N575 to a $1 at the parallel market despite the suspension of...

CBN Keeps Lending Rate At 11.5%.. To Pull Down AbokiFX Website

Threatens To Prosecute Website Owner, Olumide Oniwinde  The Central Bank of Nigeria (CBN) Monetary Policy Committee has voted to retain its...

SMEs Have Potential To Reduce Unemployment – CBN

Dr Aniefiok Umoren, Zonal Coordinator, South-South and South-East, Development Finance Activities, Central Bank of Nigeria (CBN), says Small and Medium Scale Enterprises (SMEs) have...

CBN Clamps Down On 86 Bank Accounts Over Fraudulent FOREX

The Central Bank of Nigeria (CBN) has gotten permission from the Federal High Court in Abuja to freeze 86 accounts of some companies and...

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