The Central Bank of Nigeria and its suspended governor, Mallam Lamido Sanusi, have asked a Federal High Court in Abuja to dismiss a suit challenging the sale of the defunct Intercontinental Bank Plc. Some shareholders of Intercontinental Bank had filed the suit against the CBN and Sanusi, seeking N10bn as […]

Chinese police on Wednesday said they had charged the former British boss of drugmaker GlaxoSmithKline PLC’s China business and other colleagues with corruption, after a probe found the firm made billions of yuan from elaborate schemes to bribe doctors and hospitals. Mark Reilly and two Chinese executives, Zhang Guowei and […]

The Chartered Institute of Bankers of Nigeria has called on the National Assembly to fast -track the legislative process on the Financial Ombudsman Bill in order to ensure its speedy passage. The Registrar, CIBN, Dr. Uju Ogunbunka, stated this while speaking in an interview with our correspondent on the sidelines […]