United Bank for Africa Plc (UBA) has announced that Group Chairman Tony Elumelu will retire from the bank’s board on August 21, 2026, after completing the maximum 12-year tenure for...
United Bank for Africa Plc (UBA) has announced that Group Chairman Tony Elumelu will retire from the bank’s board on August 21, 2026, after completing the maximum 12-year tenure for...
The World Bank has said Nigeria’s biggest fiscal challenge is weak revenue generation rather than rising debt levels. Speaking in an interview on Channels Television, Mathew Verghis, the World...
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks across Nigeria over regulatory breaches, in a major move aimed at strengthening financial sector stability....
Only about 20 per cent of Nigeria’s point-of-sale (PoS) operators are officially registered with the Corporate Affairs Commission (CAC), the commission’s board chairman has disclosed. Speaking during a stakeholders’ engagement...
The Central Bank of Nigeria (CBN) has directed all banks and financial institutions to immediately freeze accounts and assets belonging to individuals and organisations linked to terrorism financing. The...
Persistent abuse, mutilation and improper handling of the naira are imposing unnecessary financial costs on Nigeria, Governor of the Central Bank of Nigeria, Olayemi Cardoso, has warned. Speaking at...
The Economic and Financial Crimes Commission (EFCC) has re-arraigned Tunde Ayeni, former chairman of the defunct Skye Bank Plc board, over allegations of a N15.6 billion fraud. Ayeni appeared...
The Kano State Government has announced the closure of all public and private primary and secondary schools ahead of the Eid-el-Kabir celebration. According to a statement issued by the...
Moniepoint Microfinance Bank Limited has sued Alerzo Limited and its directors over an alleged N4.38 billion loan default. The Federal High Court in Lagos granted an interim Mareva injunction freezing...
Banks have notified their customers of the N50 Electronic Money Transfer Levy (EMTL) on the New Tax Act (NTA) 2025 that will take effect on January 1, 2026. Specifically, United...
Enter your email address and receive notifications of news by email.