Tag: CBN
Alex Badeh’s trial: Court orders interim forfeiture of N263m recovered from...
A Federal High Court sitting in Abuja has ordered the
interim forfeiture of N263 million recovered by the Economic and Financial
Crimes Commission (EFCC) from one...
MTN pays $52.6m to end dispute with CBN
The Central Bank of Nigeria (CBN) has asked MTN Nigeria to pay $52.6million in settlement of the dispute over the certificates of capital importation...
MTN, CBN go for out-of-court settlement
Counsel for MTN Nigeria Communications Ltd Wole Olanipekun (SAN) on Tuesday told the Federal High Court in Lagos that its client was engaged in...
Nigerians panic as CBN revokes Skye Bank’s licence
Nigerians have been left in utter shock following the withdrawal of the operating licence of Skye Bank Plc and subsequent replacement with Polaris Bank.
The...
Why we revoked Skye Bank’s licence – CBN
Gentlemen of the Press
1. You will recall that on 4th July 2016, we took a regulatory action on Skye bank Nigeria PLC. Specifically, this...
BREAKING: CBN revokes Skye Bank’s licence
The Central Bank of Nigeria (CBN) has withdrawn the operating licence of Skye Bank.
Chairman of the Nigeria Deposit Insurance Corporation (NDIC), Umar Ibrahim, made...
MTN shares rise in Nigeria despite CBN fine
South African telecom giant, MTN, appears not have suffered any loss following the Central Bank of Nigeria's (CBN) fine last month.
The apex bank ordered...
Naira exchanges for 361 to a dollar as CBN intervenes with...
The Naira on Tuesday exchanged at an average of N361/$1 in the BDC segment of the market as the Central Bank of Nigeria (CBN)...
EFCC denies raiding Standard Chartered Bank
The Economic and Financial Crimes Commission (EFCC) has denied carrying out a raid on the head office of Standard Chartered Bank in Lagos.
The bank...
MTN sues CBN, AGF over multi-billion dollar fines
MTN Nigeria Communications Limited has asked the Federal High Court in Lagos to stop the Central Bank of Nigeria (CBN) and the Attorney General...