
Godwin Emefiele







Zenith Bank joins few other commercial banks like GTB, in Nigeria to receive approval from the Central Bank of Nigeria to operate as a financial holding company

Nigeria's apex court, the Supreme Court has issued a final judgement by nullifying the ban placed on the use of the old N200, N500 and N1000 naira notes by CBN.

The Central Bank of Nigeria has revealed the meeting date for its Monetary Policy Committee (MPC) in Abuja as Supreme Court rules against its naira policy.

Some bank officials have said they would wait for the decision of the Central Bank of Nigeria before implementing the Supreme Court directive on old naira notes

CBN's new rule on limiting the tenure of executive and non-executive directors of commercial banks is set to force three more managing directors to leave soon.

An investigation has shown that some commercial banks accept old naira notes, mainly via the CBN portal directing people to go to their banks for deposits.

The Central Bank of Nigeria's new tenure rule has continued to affect top bank bosses, and the latest is Adaora Umeoji, the managing director of Zenith bank.

The Central Bank of Nigeria (CBN) has said about N1.67 trillion was returned to the banks and placed in demand deposits by Nigerians in the last three months.

The Central Bank of Nigeria has promised to make available information regarding its issuance of the new N200, N500 and N1000 naira notes to banks in Nigeria.
Godwin Emefiele
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