Standard Chartered Bank has indicated interest to fund Lagos-Calabar highway, Port-Harcourt-Maiduguri rail line – WaleEdun
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has stated that Standard Chartered Bank has indicated interest to fund...
First Bank confirms appointment of Olusegun Alebiosu as Managing Director, Ini Ebong as DMD
First Bank of Nigeria Limited has appointed Olusegun Alebiosu as its substantive Managing Director/Chief Executive Officer.
He has been serving as the Acting Managing Director...
CBN reveals stance on revoking licenses of Wema, Polaris, Unity Banks
The Central Bank of Nigeria has said there is no plan to revoke the licenses of Wema, Polaris and Unity Banks.
The acting Director of...
CBN revokes Heritage Bank’s licence due to poor financial performance
The Central Bank of Nigeria (CBN) has revoked the banking licence of Heritage Bank Plc with immediate effect, citing the bank’s persistent financial instability...
Banks staff experience 44.3% increase in salaries as banks incur N800 billion in 2023
Commercial banks in Nigeria spent N799.8 billion on staff salaries in 2023, a 44.3% increase from the previous year’s N554.2 billion, despite only a...
