President of Dangote Group, Aliko Dangote, on Sunday stated that his company’s aim is to become the leading supplier of foreign exchange in the FX market...
In a bid to meet the new capitalization benchmark introduced by the Central Bank of Nigeria (CBN), Tier 2 financial institution, Fidelity Bank, has taken awareness...
A lot of mischief is going on in the banking sub-sector of Nigeria’s financial ecosystem since the Central Bank of Nigeria (CBN), on June 3,...
The apex bank in Nigeria, the Central Bank of Nigeria (CBN), has refuted speculations that it is set to revoke the operational licenses of Polaris Bank,...
Three months ago, specifically on February 19, 2024, www.theoctopusnews.com reported exclusively that the apex bank in Nigeria, Central Bank of Nigeria (CBN) would either merge Heritage...
The Federal High Court sitting in Lagos has ordered an interim forfeiture of the sums of $4,719,054, N830,875,611, and several properties linked to a former...
Stanbic IBTC has been identified as one of the banks that lead as far as insider loans is concerned. A report spanning five years which...
The liquidity shortfall crisis that has bedeviled Heritage Bank for years is set to hit it’s crescendo with the new capital base requirements for banks announced...
Nigeria’s President, Bola Tinubu, has received the final and comprehensive report of the Special Investigator of the Central Bank of Nigeria (CBN) and other related entities,...
There are reports that the Central Bank of Nigeria (CBN) is set to dismiss 19 of its directors. The dismissal set to happen in days, follow...
