Tag: #Centralbankofnigeria

Jul

25

2025

JUST IN: Reps blows hot on CBN Governor, threaten arrest warrant

NATIONAL NEWS#1999Constitution, #CBN, #Centralbankofnigeria, #FinanceAct 2020, #OlayemiMichaelCardoso

JUST IN: Reps blows hot on CBN Governor, threaten arrest warrant The House of Representatives Joint Committees on Public Accounts and Public Assets have threatened to issue an arrest warrant for the Governor of the Central Bank of Nigeria (CBN), Olayemi Michael Cardoso. This is following the repeated refusal of the Governor to appear before the National Assembly and comply with resolutions concerning the Fiscal Responsibility Act 2007 and the Finance Act 2020. In a joint statement issued on Friday, the chairmen of the committees—Hon. Bamidele Salam (Public Accounts) and Hon. Ademorin Kuye (Public Assets)—accused the apex bank chief of…

Access Bank Clarifies CBN’s Directive, Promises June 30 Exit of Forbearance

Business#AccessBank, #Centralbankofnigeria

Access Bank Makes Clarifications on CBN's Directive, Promises June 30 Exit of Forbearance Access Bank Plc has responded to the letter of the Central Bank of Nigeria, directing temporary suspension of dividend payment among other bonuses, saying that the bank was the first to meet and exceed the Central Bank of Nigeria's authorisation on meeting N500 billion minimum capital requirement. In the statement signed by the bank's secretary, Sunday Ekwochi, and made available to the National Association of Online Security News Publishers (NAOSNP), the bank stated it was prepared to comply with the apex bank’s directive on exiting forbearance by…

Breaking: CBN Approves ProvidusBank, Unity Bank Merger

Business#Centralbankofnigeria, #Providusbank, #Unitybank

CBN Approves ProvidusBank, Unity Bank Merger We are pleased to announce that the Central Bank of Nigeria has approved the framework for the merger between Providus Bank Limited and Unity Bank Plc, marking a significant milestone in the evolution of our respective institutions. This proposed merger represents a strategic and complementary union that will leverage the strengths of both banks to create a leading financial institution in the industry with footprints in retail, corporate, commercial, and digital banking. Unity Bank Plc, with its rich legacy of over 18 years, has established a robust retail banking network, comprising more than 220 branches…