CBN Revokes The Banking License Of Heritage Bank PLC

CBN REVOKES THE BANKING LICENCE OF HERITAGE BANK PLC The Central Bank of Nigeria, CBN , in accordance with its mandate to promote a sound financial system in Nigeria and in exercise of its powers under Section 12 of the Banks and Other Financial Act(BOFIA)2020, hereby revokes the licence of Heritage Bank Plc with immediate

BREAKING : CBN Lays Off 200 Staff, Gives Reasons

The Central Bank of Nigeria, CBN has laid off nearly 200 employees in a significant restructuring move aimed at realigning the bank’s operations with its newly defined strategic direction. The layoffs impacted several departments, including Human Resources, Development Finance, Trade and Exchange, Financial Policy and Regulation, and Procurement and Support Services. Notably, Dr. Hassan Mahmud, a

JUST IN: Emefiele Granted N300 Million Bail in New Naira Note Printing Case

Former Central Bank of Nigeria, CBN Governor, Godwin Emefiele , has been granted bail amounting to N300 million following his arraignment on charges related to the printing of new Naira notes without proper procedures. Emefiele, who pleaded not guilty to the four-count charge brought by theEconomic and Financial Crimes Commission, EFCC, appeared before Justice Maryanne Anenih

The CBN comes After Moniepoint, Opay, Kuda, Others

The Central Bank of Nigeria, CBN Bans Moniepoint, Opay, Kuda, Others From Taking New Customers Over Cryptocurrency. The ban is over allegations that they were being used to funnel cryptocurrency and manipulate the naira’s value. The Central Bank of Nigeria has barred some microfinance banks, including Moniepoint, Opay and Kuda, from opening new accounts and accepting

Foreign airlines dispute CBN’s claim of settled FX backlog

Against claims by the Central Bank of Nigeria (CBN) that it has successfully settled all outstanding foreign exchange (FX) obligations, foreign airlines says the status quo remains the same. Kingsley Nwokeoma, President, Association of Foreign Airlines and Representatives in Nigeria, (AFARN) told BusinessDay that as far as he is concerned, nothing has changed as regards clearing foreign