Central Bank Of Nigeria

N150,000 CASH LIMIT: Banks begin selective implementation

Although the apex bank said that the policy would commence December with a pilot scheme in Lagos, which would be extended to Port Harcourt, Abuja and Kano by June next year, some banks have started selective implementation of the policy, which...

Millions in bribe paid for new bank notes

CBN fires Adenuga and three bank CEOs

The Central Bank of Nigeria, on Friday, fired the chief executive officers of three of the 14 remaining banks at the conclusion of stress audits of their operations. Like the first five banks whose chief executives were fired in the first round...

CBN to fire Bank PHB MD, other heads set to roll

The Managing Director/ Chief Executive Officer of Bank PHB, Frank Atuche, will be dismissed later today by the Central Bank of Nigeria, highly placed sources told NEXT last night. Mr. Atuche’s sacking is said to be a direct result of the failure...

EFCC boss says it has recovered N103 billion from bank debtors

Worried by the extent of theft of public funds by public officials, the chairperson of the Economic and Financial Crimes Commission, (EFCC) Farida Waziri has called for a psychiatric evaluation of aspirants seeking election into public offices....

Bank MD loots N97bn

Following the second round of banks’ audit exercise conducted by the Central Bank of Nigeria (CBN), officials of the apex bank found that a managing director (name withheld), whose shareholders have strong political influence in the current administration,...

BANKING SECTOR REFORMS: SECOND ROUND OF AUDIT REVEALS ROT

Despite assurances by the Central Bank (CBN) governor, Mallam Sanusi Lamido that he does not expect many surprises from the second round of audit of banks in the country, reports reaching Sunday Vanguard suggest that the rot in a few of the 14 banks...