The Federal High Court in Lagos has ordered petroleum marketer Kehinde Ogbor and his firm, Danium Energy Services Limited, to pay Union Bank Plc the sum of N20.7 billion after …
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Banking Regulation
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BankingBusiness PoliciesCapital MarketEconomyNigeriaPensionRegulation
PenCom Bars Pension Fund Administrators from Investing in Banks’ AT1 Capital Instruments
The National Pension Commission (PenCom) has issued a strong warning to Pension Fund Administrators (PFAs) against investing workers’ retirement savings in the Additional Tier-1 (AT1) capital instruments of Deposit Money …
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Banking, Finance & InvestmentBusinessBusiness InsightsBusiness PoliciesEconomyKenyaKenya NewsPolicies
CBK Warns Kenyan Banks to Cut Lending Rates or Face Heavy Fines
The Central Bank of Kenya (CBK) has warned commercial banks in the country to reduce their lending rates or risk facing serious financial penalties. The warning came from CBK Governor …
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LivingTrust Mortgage Bank Plc has secured an extension to file and publish its 2024 Audited Financial Statements. The bank received approval from the NGX Regulations Limited to submit and release …
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Banking, Finance & InvestmentFinance & ServicesGOVERNMENTNigeriaPoliticsWestern Africa
CBN Declines Approval of Ex-Commissioner Wale Bolorunduro as Director of Living Trust Mortgage Bank
The Central Bank of Nigeria (CBN) has declined the nomination of Dr. Adewale Bolorunduro, a former Commissioner for Finance in Osun State, as a Director of the state-owned Living Trust …