The 14th prosecution witness in the ongoing trial of the immediate past Governor of the Central Bank of Nigeria, Godwin Emefiele, on Tuesday told the High Court of the Federal…
The immediate past Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Monday asked a High Court of the Federal Capital Territory (FCT), Abuja, to foreclose the prosecution…
Upholds FCCPC’s authority over banks, others Consumer rights in the banking sector received a significant boost yesterday as a Federal High Court in Abuja dismissed a suit by United Bank…
By Marcel Okeke It is really worth celebrating that the bank recapitalisation exercise of the Central Bank of Nigeria (CBN) came to a successful conclusion on March 31, 2026, twenty-four…
The naira weakened to N1,380.58 per dollar at the official market, declining by 1.93 per cent week-on-week, as sustained foreign exchange demand continued to outpace supply, even as oil prices…
The Central Bank of Nigeria, CBN, moved swiftly on Thursday to calm markets, insisting that Union Bank of Nigeria remains “resilient and fully operational” despite a landmark Federal High Court…
by Olisa Agbakoba Legal (OAL) Loans are central to modern business and banking practice, enabling businesses and individuals to finance commercial activities and contributing to economic growth. Inevitably, however, a…
By Olusegun Rasaq Banks, mobile money operators, international money transfer operators and other financial institutions in Nigeria are required to deploy automated anti-money laundering (AML) systems under new baseline standards…
Nova Bank Limited has appointed Jude Anele as its Managing Director and Chief Executive Officer, following approval by the Central Bank of Nigeria. The appointment comes at a pivotal moment…
By Adewale Sanyaolu Rising tensions in the Middle East have once again exposed the fragile energy architecture of many African economies, particularly oil-producing nations that lack sufficient domestic refining capacity.…