Tag: CBN
Heritage Bank Customers’ Path to Securing ₦5m Insured Funds: A Step-By-Step Guide by NDIC”
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the liquidation of Heritage Bank Plc. The insurer of depositors’ funds said this in a [more…]
CBN Takes Action: Heritage Bank’s Operating License Revoked”
The Central Bank of Nigeria (CBN), has revoked the banking licence of Heritage Bank Plc with immediate effect. A statement by the Ag. [more…]
The government assures there are no plans to unlawfully access workers’ savings and pension contributions
The Federal Government says there are no plans to “illegally access” workers’ savings and pension contributions. There were reports that the Federal Government [more…]
Legal Verdict: CBN’s Oversight on Gathering Customer Social Media Accounts Upheld by Court”
The Federal High Court in Lagos has ruled that a regulation by the Central Bank of Nigeria (CBN) mandating financial institutions to request and gather [more…]
CYBERSECURITY LEVY: ‘Another Burden On Nigerians – NLC
The Nigeria Labour Congress (NLC), has described the planned cybersecurity levy introduced by the Central Bank of Nigeria (CBN) on all electronic transactions, as another [more…]
How You Can Abuse The Naira – CBN
With the recent EFCC clamp down on Naira abusers, the Central Bank of Nigeria CBN has state ways the Naira can be abused without knowing. [more…]
CBN Not Using Foreign Reserves To Defend Naira — Cardoso
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says the country is not using its foreign reserves to defend the naira. [more…]
ELECTRICITY: Abuja Disco To Disconnect Barracks, 84 MDAs Over N47.1bn Debt
The Abuja Electricity Distribution PLC has threatened to disconnect the electricity supply of 86 Ministries, Departments and Agencies (MDAs) over a total debt of N47.1bn. [more…]
Bandits Kill Ex-CBN Director, Others In Kaduna, Abduct Over 50
Bandits have killed at least six persons including a former Director of the Central Bank of Nigeria (CBN) and his younger brother in Kwassam and [more…]
Operation Save The Naira: Lagos Speaker Faults Religious Pilgrimages, Seeks Regulation.
Speaker of the Lagos State House of Assembly, Mudashiru Obasa has urged the government to regulate religious pilgrimages as they attract undue interest in dollars [more…]
