Court voids CBN’s dissolution of Union Bank board
A Federal High Court sitting in Lagos has nullified the Central Bank of Nigeria’s (CBN) January 2024 decision to sack the board and management of...
Tag : CBN
CBN affirms Alpha Morgan Bank’s capitalisation
The Central Bank of Nigeria (CBN) has affirmed the capitalization of Alpha Morgan Bank, marking an important milestone in the Bank’s growth journey and reinforcing...
QMB achieves CBN regulatory recapitalisation milestone, reinforces capacity to drive Nigeria’s economic growth
Quest Merchant Bank Limited has successfully met the ₦50 billion minimum capital requirement mandated for merchant banks by the Central Bank of Nigeria (CBN) strengthening...
Recapitalisation reality check: Uncovering the truth behind Nigeria’s banking boom
BY BLAISE UDUNZE When the Central Bank of Nigeria (CBN) announced a new round of bank recapitalisation in March 2024, many expected the leading banks,...
CBN eyes rate cut: What lower borrowing costs could mean for SMEs, households
By BLAISE UDUNZE As the Central Bank of Nigeria’s Monetary Policy Committee (MPC) meets on Monday, anticipation is running high. For the first time in...
Paradox of Profitability: Nigeria’s banks, bogus earnings, and recapitalisation dilemma
By Blaise Udunze Nigeria’s economy has been buffeted by storms in recent years with currency volatility, galloping inflation, surging interest rates, and dwindling consumer purchasing...
WIMBIZ, CBN advocate strategic policies to advance women In leadership
Women in Management, Business and Public Service (WIMBIZ), alongside key partners including the Central Bank of Nigeria (CBN) and McKinsey & Company, has called for...
Bank customers petition CBN over excess charges
The Bank Customers Association of Nigeria has written to the Central Bank of Nigeria about the charges being deducted from customers’ accounts. The President of...
USSD debt: Subscribers, banks, telcos agree on airtime billing
The NCC and CBN have approved a new billing arrangement for Unstructured Supplementary Service Data (USSD) services, allowing telecommunications operators in Nigeria to directly access...
CBN dividend ban sparks recapitalization fears
The Central Bank of Nigeria (CBN) recent directive to suspend dividend payments by banks has sent shockwaves through the banking sector. Consequently, the move has...