Commercial Banks Liabilities, Assets Now N39.58trn   The total assets and liabilities of commercial banks in Nigeria rose from N37.14tn at the end of November 2018 to N39.58tn as of the end of August 2019. The Central Bank of Nigeria disclosed this in its economic report for...

CBN Sanctions 4 Banks For Money Laundering   The Central Bank of Nigeria and Financial Reporting Council of Nigeria sanctioned four commercial banks between January and June for various infractions, our correspondent has learnt. It was learnt that the apex bank imposed a number of sanctions on...

Real Sector: CBN, Commercial Banks To Fund N4trn Facility Succour may soon come the way of manufacturers and entrepreneurs, especially the agriculture sector, as the banking industry’s accumulated cash reserve, ratio (CSR) estimated at N4.11 trillion, would be opened for lending through a target approach. Specifically,...

CBN Recovers N60bn Illegal Charges From Commercial banks The Central Bank of Nigeria has facilitated the refunds of a total of N60 billion by commercial banks to their customers on March 31, 2018 through the intervention of the consumer protection department. CBN director of Payment Systems...

Banks Shift Focus From Time Deposit To Attract Low Cost Deposits   Commercial banks are increasingly shifting their focus away from time deposits, to attracting low cost deposits from customers since the reduction in treasury bills yields, a report has stated. This, according to the report is...

The Nigeria Deposit Insurance Corporation (NDIC) has called on commercial banks and other businesses that left the North East in the wake of Boko Haram insurgency to ensure businessmen and women in the region have easier access to funds. This is even as only 25...