CBN Shuts 46 Microfinance Banks to Protect Depositors, Releases Full List
Matilda Omonaiye/ The Central Bank of Nigeria has revoked the operating licences of 46 Microfinance banks across the country over…
Subscribers to Receive 30-Second Refunds for Failed Airtime, Data, Says NCC
Pat Stevens/ Subscribers across Nigeria are set to benefit from a new initiative that guarantees refunds within 30 seconds for…
CBN Waves Off Cash-Deposit Caps, Lifts Weekly Withdrawal Limits …What It Means for Businesses and Consumers
Malik Yahya/ The Central Bank of Nigeria (CBN) has scrapped earlier cash-deposit limits and raised the weekly cash-withdrawal threshold, a…
CBN Maintains Interest Rate at 27 Percent as Inflation Slows for 7th Consecutive Month
Pat Stevens/ Nigeria’s Central Bank on Tuesday held its benchmark interest rate at 27 percent, keeping policy steady as inflation…
CBN Orders Geo-Tagging of PoS Terminals to Curb Fraud, Strengthen Digital Payments
Matilda Omonaiye/ The Central Bank of Nigeria (CBN) has issued a directive mandating the geo-tagging of all Point-of-Sale (PoS) terminals…
CITITRUST, Three Subsidiaries to Face Trial for Alleged N462m Money Laundering, Illegal Financial Operations
Segun Atanda/ The Federal High Court in Lagos has fixed July 1, 2025, for the commencement of trial in a…
Court Orders Final Forfeiture of N830m, $4.7m, Properties Linked to Ex-CBN Governor Emefiele
Matilda Omonaiye/ Justice Yellim Bogoro of the Federal High Court, in Ikoyi, Lagos, yesterday ordered the final forfeiture of $4,719,054…
CBN Procurement Scandal: Witness Exposes Bid Rigging in Emefiele’s Trial
Matilda Omonaiye/ Fresh revelations have emerged in the trial of former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, as…
Court Strips Emefiele of $2.04M, Choice Properties in Final Forfeiture Ruling
Segun Atanda/ The Federal High Court in Lagos has stripped former Central Bank of Nigeria (CBN) Governor Godwin Emefiele of…
N17.8 Billion Debt: CBN, EFCC to Investigate Afex Commodities Accounts Across 28 Banks
Segun Atanda/ Justice Chukwujekwu Aneke of the Federal High Court in Lagos has mandated the Central Bank of Nigeria (CBN)…