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...
CBN Sacks 200 Employees In Latest Restructuring Move
CBN Sacks 200 Employees In Latest Restructuring Move
The recent restructuring at the Central Bank of Nigeria (CBN) has resulted in the termination of approximately...
CBN withdraws circular on cybersecurity levy
The Central Bank of Nigeria (CBN) has withdrawn its circular mandating banks and payment service providers to collect and remit the cybersecurity levy as...
