Tag: CBN
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The Central Bank of Nigeria (CBN) has withdrawn the operating licence of Skye Bank.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...
N1.8bn fine imposed on Stanbic IBTC in national interest – CBN
The Central Bank of Nigeria (CBN) on Friday said the alleged deduction of N1.886 billion fine from Stanbic IBTC Bank’s account was in the...
CBN flags off intervention in Chinese Yuan
The Central Bank of Nigeria (CBN) on Friday flagged off its intervention in the sale of foreign exchange in Chinese Yuan (CNY), signalling the...
CBN mourns former governor, Adamu Ciroma
The Central Bank of Nigeria (CBN) on Thursday mourned the death of elder statesman, Adamu Ciroma, who was governor of the apex bank from...
41 items still banned under Nigeria-China currency swap deal – CBN
The Central Bank of Nigeria (CBN) said the Nigeria-China currency swap deal would not cover the importation of the 41 items banned in its...