Banking and Finance

AI poses risks to financial markets, Bank of England chief warns

THE Governor of the Bank of England, Andrew Bailey, has warned that Artificial Intelligence (AI) could trigger shocks in...
Marcus FATUNMOLE -

Full list: CBN revokes licences of 46 microfinance banks

THE Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks nationwide over their failure...
Mustapha USMAN -

Zenith Bank faces criticism after N1.24trn loan write-off linked to repayment failures

By Odinaka Anudu ONE of Nigeria’s biggest lenders, Zenith Bank, wrote off loans totalling N1.24 trillion in 2025 after it...
Editorial -

BVN restriction: data privacy lawyers sue CBN over ‘one-time’ phone number update rule

LEGAL experts and data privacy advocates under the auspices of the Incorporated Trustees of the Data Privacy Lawyers Association...
Zainab ABDULRASAQ -
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‘It’s fake’: CBN dismisses Polaris bank liquidation claim

THE Central Bank of Nigeria (CBN) has debunked rumours suggesting that Polaris Bank is undergoing liquidation, while affirming that...
Harrison EDEH -

Don’t panic, CBN tells Union, Keystone, Polaris depositors over recapitalisation

ALTHOUGH the March 31st deadline for their recapitalisation was not met, the Central Bank of Nigeria (CBN) has advised depositors...
Harrison EDEH -
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