CBN Takes Over Skye Bank
The Central Bank of Nigeria (CBN) on Friday, September 21, revoked the operating licence of Skye Bank Plc with immediate effect.…
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The Central Bank of Nigeria (CBN) on Friday, September 21, revoked the operating licence of Skye Bank Plc with immediate effect.…
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The Central Bank of Nigeria has debited N1.886 billion from Stanbic IBTC Bank PLC account as fine imposed in relation to the remittance of foreign exchange on the basis of certain capital importation certificates issued to MTN Nigeria Communications Limited. CBN disclosed this on Thursday in a letter forwarded to the bank. The letter reads: “Following…
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The Federal Government has ordered Africa’s leading mobile operator MTN to pay back taxes of $2 billion just days after the government ordered it to repatriate $8.13 billion, the company said on Tuesday. MTN gave a brief statement to the market in which it confirmed that Nigeria’s attorney general gave “notice of an intention to recover the $2…
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