Zenith Bank: Onyeagwu succeeds Amangbo as GMD
Zenith Bank Plc. has announced the appointment of Ebenezer Onyeagwu as the Group Managing Director/CEO of the bank with effect from June 1, 2019 subject to the approval of Central…
Firm sues Standard Chartered Bank over excessive loan interest
Scamps Communication Ltd. on Tuesday sued the Standard Chartered Bank Nig. Ltd. before a Lagos High Court in Igbosere, over an alleged excessive loan interest. In the suit marked Temp/4872/2019,…
Senate confirms Banire AMCON Chairman, Shonubi CBN Deputy Governor
Muiz Banire                                                               Folashodun Shonubi The Senate on Wednesday confirmed the appointment of Mr Muiz Banire as Chairman of the Governing Board of the Assets Management Corporation of Nigeria (AMCON). It…
Defunct Skye Bank: Finance minister wants CBN, NDIC to prosecute directors
Zainab Ahmed, Minister of Finance The Minister of Finance, Zainab Ahmed, has urged the Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Corporation (NDIC) to investigate and prosecute…
Skye Bank: Group alleges fraud in revocation of licence
The recent revocation of the operating licence of Skye Bank by Central Bank of Nigeria (CBN) and subsequent acquisition by Polaris Bank Limited may have been tainted with scam and…
MTN shares rebound on fresh talks with CBN
MTN Group Ltd.’s shares rose the most in more than six months after Nigeria softened its stance over claims that Africa’s biggest wireless carrier illegally transferred $8.1 billion out of…
Experts fear $8.1bn refund order will jeopardise listing of MTN shares on NSE
Experts said the request by the Central Bank of Nigeria (CBN) that the MTN Group should refund 8.1 billion dollars illegally repatriated from Nigeria would jeopardise the listing of its…
Nigeria slams $2bn tax arrears on MTN as shares drop to 12-year low
Nigeria is seeking about $2 billion in back taxes from MTN Group Ltd., another curve ball directed at Africa’s biggest wireless carrier less than a week after it was ordered…
CBN to disburse N220 billion to Enterprises Development Fund
The Central Bank of Nigeria (CBN) said it had set aside N220 billion to be disbursed as loans to cooperative organisations under Micro Small and Medium Enterprises Development Fund (MSMEDF)….
MTN shares plunge 23% after Nigeria orders repatriation of $8.1billion
MTN Group shares plunged as much as 23 per cent to a nine year low on Thursday, a day after Nigeria ordered the telecoms group to repatriate $8.1 billion…