Tag: CBN

CBN Approves Merger Of Unity, Providus Banks

CBN Approves Merger Of Unity, Providus Banks   The Central Bank of Nigeria (CBN) has approved the merger of Unity Bank Plc and the Providus Bank Limited.   The apex bank, announced the approval on Tuesday in a statement by its acting Director of Corporate Communications, Hakama Sidi-Ali, said the[Read More…]

Increasing transaction volumes of non-bank financial firms threatens system stability, Cardoso

Increasing transaction volumes of non-bank financial firms threatens system stability, Cardoso Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said that increasing transaction volumes of non-bank financial institutions threatens the stability of Africa’s financial system.   Cardoso revealed this on Monday while addressing the College of Supervisors[Read More…]

CBN sacks  200 workers amid  hardship 

CBN sacks  200 workers amid  hardship    The Central Bank of Nigeria has reportedly sacked 200 of its workers  amidst the prevailing  economic hardship faced by  Nigerians. A senior member of staff who preferred anonymity at the Apex bank, confirmed this development to the press on Friday night. “Over 200[Read More…]