Listeners:
Top listeners:
play_arrow
Kapital FM 92.9 The Station that Rocks!
The Court of Appeal in Abuja on Friday dismissed the fresh bids by the Central Bank of Nigeria (CBN) and Ahmadu Bello University (ABU) to stop the implementation of N2.5Bn debt judgment against the University and in favour of the 110 ABU workers unlawfully sacked in 1996. The Appellate Court in two separate unanimous judgments of 3- member panel of Justices, ordered CBN to immediately release the N2.5Bn to the […]
The House of Representatives has given the Central Bank of Nigeria an ultimatum to complete an ongoing reconciliation with the Ministry of Finance and the Fiscal Responsibility Commission over alleged unremitted revenue to the federal government. The House Committee on Public Accounts issued the directive after the central bank asked for more time to appear before lawmakers, following a resolution summoning its governor. Chairman of the committee, Bamidele Salam said […]
The Central Bank of Nigeria, CBN, has revoked the operating licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc as part of efforts to reposition the mortgage banking sub-sector and enforce regulatory compliance. A statement by the Acting Director Corporate Communications Department of the Central Bank of Nigeria, Mrs Hakama Sidi Ali, notes that the revocation followed persistent violations of extant laws and regulatory […]
The Governor, Central Bank of Nigeria, CBN, Mr. Olayemi Cardoso, has congratulated the newly appointed Managing Director/Chief Executive Officer of the Nigeria Deposit Insurance Corporation, NDIC, Mr. Thompson Sunday and the Executive Director Operations, Dr. Kabir Katata, on their appointments. The CBN Governor expressed optimism for stronger collaboration between the two institutions during a courtesy visit by the NDIC management team to the CBN headquarters in Abuja. Cardoso described […]
The Central Bank of Nigeria (CBN) has formally addressed recent public concerns and misinformation regarding charges associated with the newly introduced Non-Resident Bank Verification Number (NRBVN) platform. In a statement released on Friday, July 4, 2025, the Bank clarifies that no hidden fees are being imposed and emphasized that Bank Verification Number (BVN) registration for Nigerians residing within the country remains entirely free of charge. This clarification follows social media […]
The Central Bank of Nigeria has assured the public that Keystone Bank Limited remains stable and fully operational despite a court order forfeiting the bank’s shares to the Federal Government. In a statement issued on Friday, the CBN’s acting Director of Corporate Communications, Hakama Sidi Ali, acknowledged concerns over the development but maintained that there was no cause for alarm. She stated that the stability of the banking sector and […]
The Central Bank of Nigeria has revoked the banking licence of Heritage Bank Plc, effective immediately. This decision was made due to the bank’s failure to improve its financial performance, posing a threat to financial stability. The apex bank’s Acting Director of Corporate Communication Department, Sidi Ali, disclosed this in a statement on Monday. According to the CBN, the bank’s management has been unable to stem the decline despite various […]
No fewer than 200 officials of the Central Bank of Nigeria were on Friday relieved of their duties. This is an addition to the long list of ongoing disengagements in the apex bank. This adds to the list of 117 staff sacked by the bank between March 15 and April 11, 2024. The termination of appointments affects directors, deputy directors, assistant directors, principal managers, senior managers and lower-ranking staff. Impeccable […]
The Central Bank of Nigeria CBN, has blamed the free-fall of the naira on the huge sum of $40 billion spent by Nigerians on foreign education and medical tourism in the last 10 years. The CBN Governor Mr. Olayemi Cardoso made this clarification while giving insight into the constant depreciation of the value of the Naira as against the United States Dollar, creating a volatile exchange rate for the country. […]
