CBN

Banking and Finance

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 -
Banking and Finance

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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Banking and Finance

‘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 -
Banking and Finance

Recapitalisation: 30 banks meet threshold, three undergoing verification – CBN

FEW days to the March 31 deadline, Nigeria's banking sector recapitalisation drive has gained significant momentum with 30 banks...
Harrison EDEH -
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Business and Economy

Business lending to cost less as CBN cuts interest rates to 26.5%

BANKING and other financial lending institutions are expected to adjust their cost of funds for businesses as the Monetary...
Harrison EDEH -
Banking and Finance

Banking recapitalisation: bank-merging risks loom as March 31, deadline draws closer

THERE are indications that some banks will merge as some deposit money banks (DMBs) in last-ditch efforts to meet...
Harrison EDEH -
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