•CBN Governor Olayemi Cardoso The Central Bank of Nigeria (CBN) has dissolved the boards and managements of Titan Trust Bank, Union Bank, Keystone Bank and Polaris Bank. The decision to dissolve the boards was taken after a meeting between Yemi Cardoso, Jim Obazee, the special investigator on the activities of former CBN Governor, Godwin Emefi...
The probe instituted by the Economic and Financial Crimes Commission (EFCC) into the use of foreign exchange by some companies and financial institutions under the former governor of the Central Bank of Nigeria (CBN) Godwin Emefiele is to be spread to at least 20 banks, sources close to the commission have said. This paper was […]
•Cardoso and Opara Operators in the banking industry are mobilising $20m to replace specialised workers whose exit abroad in search of greener pastures has worsened service levels in banks. Also, rising network glitches and weaker digital channels have exposed banks to increasing activities of hackers, reports The PUNCH. Mr James Emeka worked ...
The Central Bank of Nigeria has reviewed its position on the ban on cryptocurrency transactions in Nigeria. The apex bank said yesterday that it had changed its stance on crypto assets in the country and asked banks to disregard its earlier ban on crypto transactions, reports Daily Trust. This is contained in a circular dated […]
The Central Bank of Nigeria (CBN) has threatened to sanction banks and Point of Sales (POS) operators found to be complicit in the current Naira scarcity crisis. The apex bank, in a statement yesterday, urged members of the public to report infractions, especially hoarding of Naira by Banks and POS operators, in their areas to […]
As current naira scarcity enters its third week, economic experts including Dr Muda Yusuf, CEO of the Centre for Promotion of Private Enterprise (CPPE) has asked the Central Bank of Nigeria (CBN) to find a lasting solution to the nightmare, instead of regaling Nigerians with soothing tales of sufficient cash in vaults when the citizens [&helli...
Three persons were feared killed as armed robbers attacked two commercial banks in Ikere-Ekiti, the headquarters of Ikere local government area of Ekiti State. It was gathered that the daredevil armed robbers numbering twenty stormed the town around 5:15pm and carried out the attacks on the two commercial banks simultaneously, reports The Nati...
A cash crunch has struck the nation’s capital, Abuja, resulting in long queues at several bank branches, as revealed by an investigation conducted today . The cash shortage can be attributed to several factors, including a surge in demand for cash ahead of the yuletide and logistical challenges in currency distribution, reports Vanguard. This ...
There are troubling signs from many parts of the country that the cash crunch that grounded the economy at the start of this year is making a comeback as customers are finding it hard to get cash from banks. This has forced POS operators to also limit the amount each customer can withdraw at a […]
The Nigeria Deposit Insurance Corporation, NDIC today called on depositors of 20 failed banks to come forward and claim their liquidation dividends amounting to N16.8 billion. The Managing Director of the corporation, Bello Hassan made the call during the NDIC special day at the 44th Kano International Trade Fair taking place in Kano, reports ...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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