Banking and Finance

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Breaking: CBN cancels banking license of Heritage Bank, appoints NDIC as liquidator

....Bank to be liquidated The Central Bank of Nigeria (CBN) has revoked the banking license...

Stanbic IBTC risks losing N268bn, $4.5m in litigations as bank highlights 12-year-old court case against AMCON

STANBIC IBTC has explained its 12-year-old case against the Asset Management Corporation of Nigeria...
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How banks, POS operators collude to worsen Nigeria’s cash scarcity

At the heart of Kubwa, the Federal Capital Territory, Abuja, on Saturday, a point...

More drama as First Bank chairman exits, replacement named

CHAIRMAN of First Bank of Nigeria (FBN), Mr Tunde Hassan-Odukale, is exiting the financial...
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More troubles for Emefiele as ex-CBN director admits collecting $600,000 bribe on his instruction

A former Director of Procurement and Support Services at the Central Bank of Nigeria (CBN),...

Tinubu-led Oando in survival battle as oil firm goes technically bankrupt

Oil firm, Oando Plc, is on a survivalist battle as it faces severe financial...
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Fidelity Bank sees 3,079 fraud incidents, faces 65 cases in court

FIDELITY Bank faced 3,079 fraud incidents in the 2023 financial year. The lender also...

First Bank cancels N300bn capital raise meeting, fails to release financial statement amid controversial leadership change

THINGS appear not be going so well for First Bank of Nigeria (FBN) as...
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