Banking & Finance

Heritage Bank: NDIC steps in as liquidator, to establish bridge bank

Heritage Bank: NDIC steps in as liquidator, to establish bridge bank

After denials by the Nigerian Deposit Insurance Corporation (NDIC) of a liquidation process, Nigeria's Central Bank has taken decisive action… Read More

1 year ago

CBN revokes Heritage Bank’s licence over financial instability

The Central Bank of Nigeria (CBN) has revoked the banking licence of Heritage Bank Plc. This action, according to the… Read More

1 year ago

PayPal Expands Stablecoin PYUSD to Solana Blockchain to Enhance Market Reach

Global payments giant PayPal has introduced its stablecoin PYUSD to the Solana blockchain, aiming to expand its presence in the… Read More

1 year ago

Nigeria secures $12 million US support to boost financial transparency

The Federal Government of Nigeria has announced a significant $12 million commitment from the United States aimed at enhancing transparency… Read More

1 year ago

Exchange rate volatility can “rubbish” banks’ new capital base, says Ayo Teriba

  “The CBN has achieved a unified exchange rate – this has eluded Nigeria for 11 years. All this is… Read More

1 year ago

BREAKING: CBN raises interest rate by 150bps to 26.25%

The Central Bank of Nigeria’s Monetary Policy Committee has increased the benchmark interest rate by 150 basis points to 26.25… Read More

1 year ago

CBN imposes 2% company annual turnover as fine for cyber security levy defaulters

Nigerian businesses that fail to remit the cyber security levy will face significant penalties, including a fine of at least… Read More

1 year ago

Herbert Wigwe: All His Investments and Impact on Nigerian Banking

Feyi Fawehinmi pens a definitive tribute to Herbert Wigwe, the late co-founder of Access Bank, situating him within the more… Read More

1 year ago

Herbert Wigwe: Banking Mogul Who Started Out As PwC Management Consultant

The life of Herbert Wigwe (15 August 1966 – 10 February 2024) was a testament to the transformative power of… Read More

1 year ago

Femi Otedola Announced First Bank of Nigeria Chairman

First Bank Nigeria (FBN) has today announced one of Nigeria's high-profile investors, Femi Otedola as the Chairman of the Board… Read More

2 years ago