CBN Crackdown Pushes Some Bank Owners, Directors Out of Banking System
The Central Bank of Nigeria (CBN) has disclosed that some bank owners, shareholders and board members have exited the banking ...
Tag: BOFIA 2020
Court Jails Two BDC Operators Five Years Over Unlicensed Forex Business
A Federal High Court in Abuja on Monday, 7 September 2026, sentenced two Bureau De Change (BDC) operators to five ...
CBN Limits Contract Suspensions for Troubled Banks to Two Business Days
The Central Bank of Nigeria (CBN) has introduced new interpretative guidance limiting the suspension of payment obligations and contractual termination ...
CBN Revokes Licences of 46 Microfinance Banks Over Regulatory Breaches
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks nationwide, effective July 1, 2026, ...
CBN Moves to Tighten Rules on Bank Deals With Sister Companies
The Central Bank of Nigeria (CBN) has unveiled a new proposal aimed at strengthening the banking sector by limiting financial ...
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