Why we are Moving Some Departments to Lagos - CBN Official
The Central Bank of Nigeria (CBN) has said its plan to relocate some of its departments from its head office in Abuja to Lagos state is intended to decongest the CBN's head office and...
PROFILE: Meet Yetunde Oni, Union Bank’s new Managing Director
By Zekeri Idakwo
Following the recent dissolution of the boards of three Nigerian banks, the Central Bank of Nigeria has appointed Yetunde Oni as the new Managing Director/CEO of Union Bank.
The CBN announced Oni's appointment as the...
Naira Depreciates Further Despite $2.2bn Afreximbank’s Inflow
Despite recent efforts by the Central Bank of Nigeria (CBN) to bolster the foreign exchange market through interventions, the currency’s downward trend persists, prompting concerns about its potential impact on the broader economy.
The depreciation of Nigeria’s currency is...
BVN: Over 60.2m Nigerians Now Registered as January 31st deadline Nears - NIBSS
The Nigerian Interbank Settlement System, registration data showed that over 60.2 million Nigerians now have a Bank Verification Number (BVN), 21 days before the deadline set by the Central Bank of Nigeria.
This...
CBN Appoints New Executives for Polaris, Union, Keystone Banks
The Central Bank of Nigeria has appointed new executive directors to oversee the operations of Polaris, Union, and Keystone banks, just few hours after dissolving their board of directors.
The apex bank, in a statement signed by...
Alleged Illegal Acquisition: CBN Fires Union, Keystone, Polaris Bank Boards
There are strong indications that the Central Bank of Nigeria (CBN) has finally wielded the big stick on some erring banks in the wake of details of alleged malfeasance that emerged from the report submitted...
