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The Central Bank of Nigeria ( CBN ) has reinstated the nine banks that were recently suspended from the foreign exchange market. They were suspended last week for failing to ...

 In a recent press release  (of 2nd August 2016) which has been widely reported in the press the CBN stated that all “financial service providers” are required to be duly licensed in ...

Guaranty Trust Bank plc has released its audited financial results for the half year ended June 30, 2016 to the Nigerian and London Stock Exchanges. A review of the half ...

Some banks have clarified their positions on the alleged suspension from the foreign exchange market transaction by the Central Bank of Nigeria (CBN) over alleged non-remittance of the NNPC dollar ...

The United Bank for Africa Plc posted a profit before tax of N40bn, gross earnings of N166bn and net operating income of N109bn for its audited 2016 half-year financial results ...

President Buhari’s media team has been very inconsistent in their strategy in presenting the number one citizen rightly to Nigerians. Since the administration of President Muhammadu Buhari, his media team ...

Heritage Bank has described its recent Central Bank of Nigeria suspension along with eight other banks from the foreign exchange transactions over alleged non remittance of the NNPC’s funds to ...

Two foremost rating agencies, Moody’s and Augusto & Co. have affirmed that Heritage Bank’s capitalisation remains sound in relation to its low asset risk model and has capacity to generate ...

United Bank for Africa Plc yesterday reported profit before tax of N40.270 billion for the half year ended June 30, 2016, showing a marginal increase of 3.1 per cent from ...

The Body of Banks’ Chief Executive Officers on Thursday met in Lagos to review the current developments in the industry, especially issues around the ban imposed on nine commercial banks ...