COVID-19: CBN, Other Banks To Sustain Operations   The Central Bank of Nigeria (CBN) has said it will remain open for business as Nigeria battles to contain the outbreak of COVID-19. A statement signed by the apex bank’s head, corporate communications department, Mr. Isaac Okorafor, indicated that...

Reps Probe Banks Over Alleged Illegal Charges     The House of Representatives has resolved to investigate the illegal and excessive charges imposed on account holders by Deposit Money Banks. The House, at the plenary on Wednesday, decried the deductions by commercial banks from its accounts. It therefore resolved...

Senate Investigates Banks Over Withholding Tax Remittances     The Senate on Tuesday mandated its committee on Banking, Insurance and other Financial Institutions to investigate allegations of non-remittance of withholding taxes collected by banks to state governments. The red chamber also asked the panel to ensure the recovery...

Banks To Support Govt With Road Projects Fund   The Bankers Committee has said that the industry will fund road projects and provide support for the Federal Government in bridging the infrastructural gap in the country. This was disclosed during a press briefing after the Bankers’ Committee...

Alleged Financial Infractions: Banks To Refund N112.82bn To Imo Govt   Nine commercial banks are to refund a total sum of N112.82 billion to the coffers of the Imo State government as principal amount involved in an alleged financial infractions as well as attendant penalties arising...

Banks’ Assets, Liabilities Now N40.87trn   The total assets and liabilities of commercial banks stood at N40.87tn at the end-November 2019, representing 3.2 per cent increase above the level at the end of September 2019. The Central Bank disclosed this in its fourth quarter report that the...