Between Zulum, security agencies, the terrorists and the mystery attacks, By Inuwa Bwala
So many questions crossed my mind immediately on receiving the news of the second ambush on the convoy of Borno State Governor, Professor Babagana Umara […]
Banks
Income Tax (Common Reporting standard) Regulations 2019
INCOME TAX (COMMON REPORTING STANDARD) REGULATIONS 2019: REQUEST FOR REPORTING FINANCIAL INSTITUTIONS TO ENROLL ON FIRS’ AEOI-CRS PORTAL This serves as notice to all Reporting […]
Ex-Director urges Banks to follow CBN guidelines on loans
Dr Titus Okunrounmu, a former Central Bank of Nigeria (CBN) director, has advised commercial banks to adhere to CBN guidelines in granting loans to investors […]
GSI: Banks recover N50.32m loans from defaulters in 9 days – CBN
Mr Kevin Amugo, Director, Financial Policy and Regulation, CBN, said Nigerian banks recovered about N50.32 million bad loans from debtors within nine days the country […]
USSD: Danbatta uncovers Banks’ N17bn debt
Prof. Umar Garba Danbatta, Executive Vice Chairman of the Nigerian Communications Commission (NCC), has disclosed that commercial banks in the country owe telecommunications companies over […]
NDDC says no missing funds, insists only IMC paid N33bn, before National Assembly embargo
The Niger Delta Development Commission, NDDC, has again debunked allegations of missing funds, saying only N33 billion has been paid to its vendors since the inception […]
Nigerian Govt receives N1.69b COVID-19 donations – AGF
The Federal Government received a total sum of N1.69 billion as COVID-19 eradication support donations from April 1 to May 31. Mr Henshaw Ogubike, Director, […]
10,000 Kogi workers to benefit from CBN agribusiness retirement scheme
No fewer than 10,000 civil servants of Kogi government will benefit from the Central Bank of Nigeria (CBN) Agribusiness Retirement Scheme, an official has said. […]
How banks shut doors on customers for shunning social distancing
By Tina George, Minna The massive crowd that greeted most banks in Minna during the window period of Tuesday led to some of them closing […]
Suspend plans to sack staff, CBN, Committee order Banks
Banks in Nigeria have been ordered to suspend any plans to lay off staff in the aftermath of COVID-19 pandemic. This directive was issued after […]
CBN suspends cheque clearing amidst 2-week lockdown
The Central Bank of Nigeria (CBN) on Monday suspended clearing of cheques until further notice following the lockdown in Lagos, Ogun and FCT to contain the spread […]
COVID-19: CBN to inject N1 trillion stimulus into economy, meets with bank chiefs
Two days after it unveiled a six-point palliative to ameliorate the continued impact of the corona virus on the Nigerian economy and supply chains round […]
Complaints: CBN recovers over N82m for commercial banks customers in Katsina
The katsina state branch of the Central Bank of Nigeria (CBN), says it facilitated the refund of N82.04 million to customers of commercial banks in […]
Police yet to arrest any suspect in Ondo bank robbery
The Ondo State Police Command has debunked rumours of arresting one of the suspects who robbed two banks in Ile-Oluji, Oke Igbo Local Government of […]
EU investment bank plans to ramp up green funding
The European Investment Bank (EIB) plans to dedicate 50 per cent of its financing to climate action and environmental sustainability by 2025, up from 31 […]
Court orders immediate reopening of Taraba Microfinance Bank,branches
The Federal High Court, Jalingo Division has ordered the Taraba Police Command to immediately reopen all the branches of Taraba Microfinance Bank Ltd., pending the […]
NDIC warns operators against disclosing customers’ financial data, status
The Nigeria Deposit Insurance Corporation (NDIC) has warned financial technology (Fintech) operators against disclosing their customers’ financial details without appropriate permission. Dr Kabir Katata, Deputy […]
ICPC collaborates with banks for anti-corruption operations in Oyo, Ogun
Mr Stephen Pimor, a Commissioner for the Independent Corrupt Practices and Other Related Offences Commission in charge of Oyo and Ogun offices, says its collaboration […]
FIRS, First Bank seek out of court settlement in N25bn damages suit
Federal Inland Revenue Service (FIRS) and First Bank Plc have opted for out of court settlement in a N25 billion damages suit filed against them […]
AfDB wants banks held accountable for women financing
President of the African Development Bank (AfDB), Mr Akinwumi Adesina, wants banks and financial institutions “fully held accountable’’ for lending to women. In an interview […]
Banks allocate N15.13trn credit to private sector – NBS
#TrackNigeria The National Bureau of Statistics (NBS) says the Nigerian banking sector allocated N15.13 trillion as total value of credit to the private sector in the […]
NFIU doesn’t need to write banks for account details –Official
By Danlami Nmodu The Nigerian Financial Intelligence Unit (NFIU) has debunked reports that it has written to banks asking them to make available the “account […]
Consultant urges FG to direct commercial banks to create mortgage products
A real estate consultant, Mr Kingsley Theophilus, has urged the Federal Government to direct banks to create more consumer-friendly mortgage products to facilitate housing development […]
Court jails former New Prudential Bank MD, Adetunji Abudu two years for N195m fraud
#TrackNigeria –The Economic and Financial Crimes Commission, EFCC, has secured the conviction and sentencing of Adetunji Abudu, a former Managing Director, New Prudential Mortgage Bank […]
3,000 SMEs to benefit from Fidelity Bank’s Funding Connect initiative
Fidelity Bank Plc on Tuesday said over 3,000 Small and Medium Enterprises (SMEs) would be participating in its SME Funding Connect initiative aimed at bridging […]