Tag: CBN
CBN increases interest rate to 15.5% to tackle inflation
The Central Bank of Nigeria (CBN) has raised the interest rate from 14% to 15.5%.
This is the third increment within the last six months.
CBN...
Fraudsters hack Nigerian bank, steal customer’s N523m
A team of fraudsters have hacked into the system of one of Nigeria’s Tier 1 banks, stealing N523,337,100 from a customer’s account.
The fraudsters posted...
Access Holdings gets CBN’s approval for payment coy, Hydrogen
The Central Bank of Nigeria (CBN) has given final approval to Access Holdings Plc. for its wholly owned payment subsidiary, Hydrogen Payment Services Company...
CBN official wins Adam Smith Prize for PhD Excellence
An Assistant Director with the Central Bank of Nigeria (CBN), Dr. Babatunde Omotosho, has won the 2021 Adam Smith Business School Prize for PhD...
Jaiz Bank appoints Sirajo Salisu as MD/CEO
The Management of Jaiz Bank Plc has appointed of Dr. Sirajo Salisu as the Managing Director/Chief Executive Officer of the lender.
Salisu’s appointment takes effect...
GTCO’s profit hits N103.2bn in six months
Guaranty Trust Holding Company (GCTO) Plc has recorded a profit before tax of N103.2 billion for the first six months of 2022.
The figure represents...
Fidelity Bank gets CBN’s nod to acquire Union Bank UK
Fidelity Bank Plc has proposed to acquire 100% equity stake in Union Bank UK.
The Central Bank of Nigeria (CBN) has issued a letter of...
TAJBank targets N30bn capital base, N100bn Sukuk bond
Nigeria’s non-interest lender, TAJBank Limited, has concluded plans to begin the issuance of its N100 billion Sukuk bond.
TAJBank’s Managing Director, Mr. Hamid Joda, said...
Emefiele: CBN leading economic diversification from oil sector
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said the CBN is leading the drive towards diversifying the nation’s economy away...
CBN releases $265m to airlines to halt aviation crisis
The Central Bank of Nigeria (CBN) has released $265 million to airlines operating in the country to settle outstanding ticket sales.
The move was to...
