Six commercial banks paid N392.77m in fines to the Central Bank of Nigeria in 2013 for contravening various aspects of the Banks and Other Financial Institutions Act. Checks by the News Agency of Nigeria showed that the penalised banks were Diamond Bank Plc, Zenith Bank Plc, Skye Bank Plc, UBA […]

In its avowed commitment to ensuring sound corporate governance in the nation’s capital market, the Securities and Exchange Commission, SEC Nigeria, recently waded into issues relating to corporate governance breaches in Ecobank Transnational Incorporated (ETI). Both the intervention and its outcomes affirmed Nigeria’s pole position in market regulation in Africa. […]

The Central Bank of Nigeria (CBN) has fined banks N1.2 billion for violating the guidelines of the Commercial Agricultural Credit Scheme (CACS). Meanwhile, 165,510 jobs has been created through the scheme since inception in 2009. This was revealed in the apex bank’s report on the activities of the scheme for […]