Tag: CBN
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Court Nullifies CBN’s Takeover of Union Bank, Orders Reinstatement of Board
A Federal High Court in Lagos has declared the Central Bank of Nigeria’s (CBN) dissolution of the board and management of Union Bank of...
CBN Unveils Payment System Vision 2028 to Boost Innovation, Financial Inclusion, and Cross-Border Trade
The Central Bank of Nigeria (CBN) is finalizing its Payment System Vision 2028, a roadmap aimed at promoting innovation, strengthening financial stability, and expanding...
Appeal Court’s N2.5bn Order Against CBN Sparks Outrage Over ‘Culture of Cruelty’ in Governance
The recent Court of Appeal judgment ordering the Central Bank of Nigeria (CBN) to release N2.5 billion to 110 former staff of Ahmadu Bello...
Naira Slips Further at Official Market Despite Rise in Nigeria’s Forex Reserves
The Nigerian naira on Thursday extended its decline against the United States dollar at the official foreign exchange market, despite a marginal increase in...
Fraudsters Hack Union Bank’s Core System, Siphon ₦9.3 Billion from Customers’ Accounts
In a shocking development that has rocked Nigeria’s financial sector, fraudsters have hacked Union Bank’s core banking system, siphoning a staggering ₦9.3 billion from...
