Otedola Explains N748bn Loan Cleanup as First HoldCo Profit Drops 92%
Chairman of First Bank Holdings, Mr Femi Otedola, has justified the company’s decision to take a one-time N748 billion charge to wipe off legacy bad...
Tag : CBN
CBN Tightens Oversight as Banks Raise Capital to Safeguard Financial Stability
Nigeria’s banking system remains stable and resilient as Deposit Money Banks step up efforts to strengthen their capital base under the Central Bank of Nigeria’s...
Central Bank Approves 82 BDC Licences Under New Regulatory Framework
The Central Bank of Nigeria has granted final operating licences to 82 Bureaux De Change under its revised regulatory framework, while warning Nigerians to steer...
CBN Orders Banks to Withdraw Misleading Adverts, Tightens Marketing Rules
The Central Bank of Nigeria has ordered all banks, payment service banks, and other regulated financial institutions to immediately withdraw any advertisement that violates established...