A Federal High Court sitting in Abuja has dismissed in its entirety, a suit by UBA Plc seeking to contest the jurisdiction of the Federal Competition and Consumer Protection Commission (FCCPC). The move is described by the FCCPC in a
The Central Bank of Nigeria (CBN) is alerting members of the public to the circulation of fraudulent messages, emails, and online communications purporting to originate from or be associated with the Bank, which are intended to misinform members of the public. These fraudulent
The Central Bank of Nigeria (CBN), in collaboration with the Financial Markets Dealers Association (FMDA), have announced the introduction of the Nigerian Overnight Financing Rate (NOFR), a standardized benchmark aimed at enhancing transparency, strengthening monetary policy transmission, and deepening Nigeria’s
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the process of concluding the liquidation activities of 89 closed Microfinance Banks (MFBs) and Primary Mortgage Banks (PMBs) following their successful acquisition by new owners under the Purchase and Assumption (P&A) resolution
Signs of internal strain have emerged at the National Insurance Commission (NAICOM), after the regulator confirmed that it moved to contain what it described as an attempt to discredit its leadership from within. The Commission disclosed that the incident, which
The National Insurance Commission (NAICOM) has introduced a new regulatory framework aimed at protecting insurance policyholders from losses arising from failing insurers. The new guidelines, issued in a circular dated April 7, 2026, establish the operational structure for the Insurance
The Central Bank of Nigeria (CBN) announces the successful conclusion of the banking sector recapitalisation programme initiated in March 2024. This was contained in a statement jointly signed by the bank’s Director, Banking Supervision Olabukola Akinwu and Acting Director Corporate
The Investments and Securities Tribunal (IST) says the Tribunal has resolved cases worth one trillion Naira from inception till now. This was revealed when the Chairman of the tribunal Aminu Junaidu played host to the Ethiopian Capital Market Authority delegation
The Central Bank of Nigeria (CBN) has acknowledged the judgment delivered on Wednesday, March 25, 2026, by the Federal High Court in Lagos concerning its regulatory action on Union Bank of Nigeria Plc (UBN) in January 2024. The Bank’s Acting
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