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Money and Capital market
CBN interventions fail to save naira, now exchanges N1600/$
Maureen Aguta
Despite recent efforts by the Central Bank of Nigeria (CBN) to stabilize the exchange rate through the reintroduced retail Dutch Auction System (rDAS), the naira remains under significant pressure. The…
We’re focused on our N19.4trn revenue target, say FIRS chairman
Maureen Aguta
An Executive Bill which seeks to overhaul revenue administration in Nigeria, including regulation of the cryptocurrency industry, is being put together for transmission to the National Assembly, chairman of…
Court finds Sterling Bank guilty for breach of contract, awards damages
Maureen Aguta
Justice Olumuyiwa Martins of a Lagos High Court has awarded N75 million damages against Sterling Bank Plc, over a breach of the non-disclosure and non-circumvention agreement it had with Comfort Stevens…
REVEALED: Despite fraud investigation, CBN approves Unity Bank merger with Providus Bank, provides…
By Editor
The Central Bank of Nigeria (CBN) has approved the proposed merger between Unity Bank and Providus Bank, despite a lengthy fraud investigation that followed multiple allegations of severe compliance…
EFCC arrests former Union Banks staff for stealing N4m from dead customer
Maureen Aguta
Operatives of the Economic and Financial Crimes Commission (EFCC) at the Makurdi Zonal Command have arrested two former employees of Union Bank for allegedly stealing the sum of N4, 199,500 belonging to a…
Fidelity Bank ranked among top banks in ESG rating
Maureen Aguta
A recent survey commissioned by the Independent Project Monitoring Company (IPC) Limited has ranked Fidelity Bank PLC fourth out of 29 Nigerian banks in Environmental, Social and Governance (ESG)…
Reps order CBN to suspend controversial cybersecurity levy immediately
Maureen Aguta
The House of Representatives has ordered that the Central Bank of Nigeria (CBN) to immediately suspend the enforcement of the controversial cybersecurity levy.
The decision of the House was sequel to…
Recapitalisation : Access Bank confident of raising $300m, says Aig-Imoukhuede
Maureen Aguta
Chairman of Access Holdings Plc, Aig-Imokhuede has expressed confidence about raising $300 million in capital for Access Bank, considering the bank’s strong market position and shareholder support.…
Corporate Affairs Commission places First Bank records on caveat as board crisis worsens
Maureen Aguta
The Corporate Affairs Commission (CAC), has placed the records of First Bank of Nigeria (FBN) Holdings on caveat pending the resolution of the crisis rocking the board of the bank as a result of multiple…
CBN approves daily sales of $10,000 to 1,588 BDC operators
Maureen Aguta
The Central Bank of Nigeria (CBN) has approved daily sales of $10,000 to 1,588 eligible Bureau De Change operators at the rate of N1, 101 to the dollar.
The Director, Trade and Exchange…