Tag Archives: Banks

A group of notorious armed robbers attacked two commercial banks in Anyingba, Dekina Local Government Area of Kogi state on Thursday, March 7.     The robbers stormed the banks, shooting sporadically into the air.     Security operatives however swiftly swung into action and engaged the criminals in a …

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that foreign exchange backlogs have been cleared in all the banks except just five. Cardoso made this known on Thursday, February 29 during an investor call facilitated by the Nigerian Exchange Group, during which he said that the …

The Central Bank of Nigeria (CBN) on Wednesday,  Jan. 31, imposed limits on how much banks can hold in foreign currencies.   The apex bank expressed concern about the growth of forex exposures on their balance sheets following the naira’s tumble against the US dollar.   The Senate, on Wednesday, …

Jim Obazee, the special investigator appointed by President Bola to investigate the activities of former Central Bank Governor, Godwin Emefiele, has revealed in his report that the former apex bank chief used proxies to acquire some banks in the country.    Late Alhaji Ismaila Isa Funtua, an ally of former …

A High Court in the Federal Capital Territory (FCT), Abuja, has issued an order freezing 10 bank accounts belonging to Oyo state government.    Justice A. O. Ebong gave the order in a ruling on a proceeding initiated by ex-council chiefs in Oyo state, sacked on May 29, 2019 by …

  The Federal Government has rejected claims by the World Bank that government is still paying subsidy on petrol, saying the era of petrol subsidy is “gone for good”. Speaking in an interview on Channels TV on Thursday, December 14, Minister of Information and National Orientation, Mohammed Idris, said President …

Stupid never-do-wells always looking for a shortcut to short-lived wealth. Always targeting banks in the countryside. Just 2 of them and one ak47, could easily have been taken out by a police patrol team. They’ll soon hit the clubs in Lagos or Abuja where their fellow armed robbers, ritualists, and …

The Central Bank of Nigeria has denied reports that some commercial banks in Nigeria are distressed. Some news platforms last week alleged that some commercial banks failed the Capital Adequacy Ration CAR stress test for international authorization.   In a statement released today December 11, the apex bank said Nigerian …

The Nigeria Inter-Bank Settlement System (NIBSS) has directed banks to disconnect all non-deposit financial institutions from its transfer list.  The NIBSS gave this directive to the banks in a circular dated Tuesday, December 5, 2023, with Ref: NIBSS/BD/NI/PO/005/051223.  This means that banks must disconnect Switches, Payment Solution Service Providers and …

The Central Bank of Nigeria (CBN) has delivered over 75 percent to 80 percent of outstanding matured FX forwards in banks.   The spokesperson of the Central Bank of Nigeria, CBN, Isah Abdulmumin, on Thursday, said it has started clearing outstanding foreign currency forwards owed to banks, with banking sources saying an initial payment …