Tag: Banks
Mass IT outage hits banks, airlines, other global institutions
Major air carriers grounded all flights A major outage wrought havoc on global computer systems on Friday, grounding flights in ...
NGX names Jude Chiemeka CEO
NGX CEO Appointment Seen as Key to Unlocking New Opportunities. Chiemeka's Appointment to Drive Growth and Innovation at NGX. The ...
CBN to sanction banks, BDCs rejecting old, small dollar denominations
Warns Foreign Exchange Dealers to desist from defacing/stamping US banknotes The Central Bank Of Nigeria (CBN) has said that it ...
CBN okays IMTOs to sell forex on Nigeria’s official window
The move was part of CBN’s commitment to the smooth functioning of the foreign exchange markets and enabling greater remittance ...
EFCC urges banks to stop leaking probe details to customers
This call was made during a meeting with bank compliance officers in Oyo State The Executive Chairman of the Economic ...
Full list: 16 banking transactions exempted from new CBN’s cybersecurity levy
According to the circular, the cybersecurity charge would take effect two weeks from May 6, 2024. The Central Bank of ...
Senate Committee Chair Raises Concerns Over Bank Recapitalisation
Senator Izunaso voices concern over bank recapitalization, highlighting risks of private placement and money laundering, urging strict scrutiny of shareholders ...
CBN raises minimum capital requirements for banks
The new minimum capital base for banks with international authorisation is pegged at N500 billion The Central Bank of Nigeria ...
CBN bars banks from profiting from forex revaluation
Foreign exchange revaluation gains occur when a bank’s assets or liabilities denominated in foreign currencies increase in value due to ...
70% of financial crimes in Nigeria facilitated by banks – EFCC
This is as EFCC’s Chairman, Ola Olukayode, disclosed that about 70 per cent of the financial crimes in the country ...
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