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Business

Nigeria’s Central Bank Revokes Heritage Bank’s License

Manny Akpan | Business & Economy Editor -
ABUJA, Nigeria — The Central Bank of Nigeria, CBN, has announced the immediate revocation of Heritage Bank Plc's operating license. This decisive action, authorised under...
Economy

Nigeria’s Central Bank Reveals Depleting Foreign Reserves is Due to Debt Servicing

Manny Akpan | Business & Economy Editor -
Washington DC, USA - During the ongoing International Monetary Fund/World Bank Spring Meetings in Washington D.C., Central Bank of Nigeria Governor, Olayemi Cardoso, addressed...
Government

Despite North’s Displeasure, 1,500 Central Bank of Nigeria Staff Relocate to Lagos

Manny Akpan | Business & Economy Editor -
ABUJA, Nigeria - In a significant move within Nigeria's financial sector, no fewer than 1,500 staff members of the Central Bank of Nigeria (CBN)...
News

‘Economic Disparity’: Northern Elders Opposes Central Bank’s Decision to Relocate Some Depts to Lagos

Salisu Sulaimon | Sub-Editor -
ABUJA, Nigeria - The Northern Elders Forum (NEF) has voiced its strong opposition to the Central Bank of Nigeria (CBN)'s plans to relocate key...
Government

Abuja Court Orders EFCC to Release Former Central Bank Governor Emefiele

News Desk | The Trent -
ABUJA, Nigeria — Justice A.O. Adeniyi of the High Court at the Federal Capital Territory (FCT) in Abuja on Friday, November 3, 2023, directed...
News

House of Reps Investigates N81.2 Billion Spent by National Great Green Wall Agency on Tree Planting

Ima Matthew | Sub Editor -
ABUJA, Nigeria — The House of Representatives has opened an investigation into the National Agency for Great Green Wall, NAGGW, over its alleged spending...
News

Anti-Corruption Group Takes Battle to Court Over Acting Central Bank Governor’s Undeclared Assets

Manny Akpan | Business & Economy Editor -
ABUJA, Nigeria - The Network Against Corruption and Trafficking Foundation, NACAT, a Nigerian pro-democracy civil society organisation, has filed a lawsuit against Folashodun Shonubi,...
Business

Surge in Fraud Cases Rocks Nigerian Banks, Fueling Concerns Over Insider Involvement

Manny Akpan | Business & Economy Editor -
LAGOS, Nigeria — Nigerian deposit money banks are grappling with a staggering increase in fraud cases and financial losses, as revealed in a report...
News

Nigerian Court Drops Case Against DSS and AGF as Suspended CBN Governor’s Arraignment Stalls

Wires Editor | The Trent -
ABUJA, Nigeria - Justice E Okpe of the Federal Capital Territory, FCT, High Court in Abuja has dismissed a case against the Department of...
News

Suspended CBN Governor Emefiele Cleared of Gun Possession Charge by Lagos Court

Wires Editor | The Trent -
LAGOS, Nigeria - The Federal High Court in Lagos on Thursday, August 17, 2023, dropped the illegal gun possession charges against the suspended Governor...
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