CBN Revokes Aso, Union Homes Licenses
The Central Bank of Nigeria (CBN) has officially revoked the operating licenses of two prominent mortgage institutions: Aso Savings and ...
Tag: Banks and Other Financial Institutions Act (BOFIA)
Nigeria’s Banking Sector Faces Reckoning Over Casual Workers as Lawmakers Push for Ban
A bill seeking to prohibit casual and contract employment in Nigerian banks has sparked debate over workers' rights versus operational ...
Lawmaker Proposes Bill to Ban Casual Employment in Banking Sector, Citing Exploitation and Tax Evasion
In a bold legislative move aimed at overhauling labour practices within Nigeria's financial industry, Honourable Fuad Kayode Laguda (FCTI) has ...
“Hackers Hit My Account Through OPAY, Moniepoint”, Oshiomhole Demands Tougher Fintech Regulation
Lawmakers are now pressing for stronger regulation of Nigeria’s fintech sector after Adams Oshiomhole, a senator for Edo North, revealed ...
CBN Orders Non-Compliant Adverts Withdrawn
The Central Bank of Nigeria (CBN) has issued a stern directive to banks, payment service banks (PSBs), and other financial ...
NDIC Gains Stronger Legal Powers to Liquidate Failed Banks and Prosecute Defaulters
The Nigeria Deposit Insurance Corporation (NDIC) has officially acquired a more formidable legal toolkit to execute its role in liquidating ...
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