The Central Bank of Nigeria (CBN) has dismissed media reports claiming it has extended the deadline for Bureau De Change (BDC) operators to meet new capital requirements until 31 December. In a statement issued on Wednesday, the bank described the reports as “false” and “misleading,” insisting that the official deadline remains 3 June. “The Central Bank of Nigeria has debunked ...

The Minister of Aviation in Nigeria, Festus Keyamo, has instructed aviation agencies to investigate the ongoing dispute between the management of Air Peace and Nigerian Senator Adams Oshiomhole. The Minister gave the directive on Friday in a statement posted on his official X page. On Wednesday, PREMIUM TIMES reported that Air Peace criticised the disruptive behaviour exhibited by Mr Oshiomhole ...

United Capital Plc has launched a new subsidiary in Abidjan named United Capital Asset Management West Africa Limited (UCAMWAL), the financial services group announced in a regulatory filing on Friday. “The Group obtained a license from the Financial Markets Authority of the West African Economic & Monetary Union (AMF-UMOA) to operate an asset management business across the West African Economic ...

The Economic and Financial Crimes Commission, EFCC on Friday (13 June 2025) arraigned two officials of SunTrust Bank – Halima Buba and Innocent Mbagwu – before Justice Emeka Nwite of the Federal High Court, Abuja, for alleged fraud. The defendants, who are managing director/chief executive officer of SunTrust Bank Ltd and executive director/chief compliance officer of SunTrust Bank Ltd, respectively ...

Related parties in investment company VFD Group offloaded 2.8 million shares on 11 June, according to regulatory filings at the Nigerian Exchange Limited (NGX). Processus Capital Limited, a related party to one of the subsidiaries, sold 2 million shares at a unit price of N16.14 in a transaction worth N32.3 million. On the same date, Expoze International, a related party ...