CBN

Corruption

TIMELINE: Otudeko cleared of N12.3bn fraud a week after massive share sale

Plu Team -
Nigeria’s anti-graft agency has withdrawn a high-profile ₦12.3 billion fraud case against Oba Otudeko,...
Banks

First Bank (First HoldCo) gets a new top buyer. Here’s who’s behind the deal

Plu Team -
A dramatic shift in the ownership structure of Nigeria’s oldest bank, First Bank, is...
Economy

Billions unaccounted for in Nigeria’s books as IMF flags data gaps

Plu Team -
Nigeria is struggling to account for billions of dollars in its official trade and...
Banks

Losses mount for Nigerian bank stocks after new CBN directive

Olawale Afolabi -
Nigerian bank stocks continued to fall on Tuesday as investors reacted to a new...
Banks

Nigerian banks fined 50 times more for customer issues, other violations

Plu Team -
Nigerian commercial banks faced a surge in regulatory penalties in 2024, suggesting intensified monitoring...
Banks

Zenith Bank fined N15.4bn over forex, money laundering violations

Ini Ekott -
Zenith Bank Group, owner of Zenith Bank, was hit with a N15.4 billion fine...
Banks

CBN slaps new fees on Nigerians to revive ATMs, curb POS money agents

Olawale Afolabi -
The Central Bank of Nigeria (CBN) has announced new Automated Teller Machine (ATM) transaction...
Economy

CBN surprises markets with another interest rate hike

Plu Team -
The Central Bank of Nigeria raised its benchmark lending rate by 50 basis points...
Economy

Nigeria’s central bank raises interest rate again

Olawale Afolabi -
Nigeria’s Central Bank has raised its benchmark interest rate by 50 basis points to...
Consumer

Explainer: What next for customers after Heritage Bank collapse?

Plu Team -
On Monday, the Central Bank of Nigeria (CBN) revoked the licence of Heritage Bank...
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