Tag: Nigerian banking sector
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Otedola Praises Tinubu’s Economic Insight as First Bank Hits N500bn Capital Benchmark
Otedola’s Praise and the Banking Milestone Nigerian business magnate Femi Otedola, through his investment vehicle First HoldCo, has publicly commended President Bola Tinubu for his “deep economic understanding” as First Bank of Nigeria Holdings plc announces it has met the Central Bank of Nigeria’s (CBN) N500 billion minimum capital requirement. The development signals a significant…
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CBN Warns Against Unlicensed Microfinance Bank Zuldal
CBN Issues Public Warning About Unlicensed Microfinance Bank Zuldal The Central Bank of Nigeria (CBN) has disowned Zuldal Microfinance Bank Limited, labeling it an unlicensed entity operating illegally within the country. In a statement circulated publicly, the Acting Director of Corporate Communications, Hakama Sidi, underscored the regulator’s resolve to protect the financial system and Nigerian…