U.S. authorities negotiating with BNP Paribas over alleged sanctions violations at one point suggested that France’s biggest bank pay a penalty as high as $16 billion, according to people familiar with the matter. While the sources said that number was only proposed as a negotiating tactic in response to an […]

The Central Bank of Nigeria has fined Access Bank Plc the sum of N353.39m for violating the regulator’s guidelines on the Commercial Agriculture Credit Scheme. The fine, imposed on the bank last month, was contained in the CBN’s Development Finance Department report for the month of May. The 19-page report, […]

The House of Representatives Committee on Aviation, yesterday, ordered the Nigerian Civil Aviation Authority, NCAA, to return the controversial N225 million bullet-proof cars that were purchased during the tenure of former Aviation Minister, Princess Stella Oduah, and recover the money. Chairman of the committee, Nkiruka Chidubem Onyejeocha, said NCAA have […]