Oil services firm Zumax Nigeria Limited has sued the Central Bank of Nigeria (CBN) for N4.1 billion, accusing it of gross negligence over a disputed receivership. In a suit before Justice Akintoye ...

The Central Bank of Nigeria (CBN) is poised to contain the resurfaced naira volatility with forex inflows surge recorded in the market last week. The naira depreciated by 3.6 per cent to N1,556. ...

I had an inkling it was coming. But that didn’t lessen the shock nor the sadness when I learned that ABS-CBN is selling a large part of its historic headquarters in Quezon City to property ...

The Central Bank of Nigeria (CBN) is tightening its grip and reinforcing its commitment to a resilient and well-regulated financial system through stringent compliance measures, risk management ...

Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has reiterated the bank’s commitment and efforts to stabilise the foreign exchange market and curb inflation, emphasising progress in restoring ...

MANILA, Philippines — A new mixed-use development will soon replace a portion of ABS-CBN Corp.’s headquarters in Quezon City once real estate giant Ayala Land Inc. (ALI) finalizes the P6.24 ...

The governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has said the Bank is beginning to see signs of progress in stabilising the foreign exchange (FX) market and curbing inflation, as ...

Nigerian banks have commenced charging N100 per ATM withdrawal for off-site banks in line with CBN order The new order allows bank customers using ATMs of other banks to be charged N100 per ...

CBN data showed that the naira fell to N1,530.15 per dollar on Monday, from N1,517.24 last Friday; this means a loss of N12.91 on the official market. Meanwhile, on the black market, the naira ...

Zumax Nigeria Limited, an oil services company, has filed a N4.1 billion lawsuit against the Central Bank of Nigeria (CBN), alleging gross negligence and complicity in what it calls a fraudulent ...

Bank customers are expressing dissatisfaction as the Central Bank of Nigeria’s (CBN) new withdrawal charges took effect on Saturday, March 1, 2025. Under the revised fee structure, commercial banks ...