The Central Bank of Nigeria has approved an increase in the maximum amount that would be sold to each licensed Bureau De Change operator from $30,000 to $50,000 per week. The decision was taken at the Bankers’ Committee meeting which was held at the headquarters of the CBN on Tuesday …
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The Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has expressed concern on the increasing wave of non-performing insider loans in banks. A statement issued by the NDIC said Ibrahim expressed the concern while receiving a delegation from the Chartered Institute of Bankers of Nigeria (CIBN) led …
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Fresh facts have emerged into the seizure of Zenith Bank account belonging to Ekiti State governor Ayodele Fayose by the Economic and Financial Crimes Commission (EFCC) on Monday. A credible source within the financial institution who did not want his identity revealed because it was against the ethics of his …
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The personal account of the Governor of Ekiti State, Mr Ayodele Fayose and that of his associates have been frozen by the Economic and Financial Crimes Commission(EFCC). Fayose Speaking at the premises of Zenith Bank, Ado-Ekiti, where he had his personal account, the governor claimed that he had gotten winds …
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