A Federal High Court in Lagos has dismissed a suit by some aggrieved shareholders of the three nationalised banks – Afribank Plc, Spring Bank Plc and Bank PHB Plc – challenging the takeover of their banks by the Central Bank of Nigeria and Asset Management Corporation of Nigeria. Following the […]
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CBN extends deadline for universal banking licence submission
The Central Bank of Nigeria has granted an extension for Deposit Money Banks to submit the licences granted to them under the universal banking model. It, however, failed to give the date for the new deadline. The move was announced on Tuesday shortly after the 308th bankers’ committee meeting at […]
Stanbic IBTC set to emerge Stanbic IBTC Holdings
July 10, 2012 Press Release Stanbic IBTC Bank, a member of Standard Bank Group, has announced that it will hold a court ordered meeting of its shareholders with the aim of adopting a holding company (HoldCo) structure. The name of the proposed HoldCo has been registered as Stanbic IBTC […]
