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All posts tagged "commercial banks"

  • CBN revokes licence of 20 BDCs

    The Central Bank of Nigeria (CBN) has revoked the licence of 20 Bureau De Change (BDC) companies for foreign exchange malpractice. Malam Sanusi Lamido Sanusi disclosed this at Ikoyi Club 75th Anniversary Lecture held in Lagos on...

    • Posted September 27, 2013
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  • CBN will contribute N50bn to AMCON Sinking Fund – Chairman

    The Chairman, House of Representatives Committee on Banking and Currency, Rep. Jones Onyereri, said the Central Bank of Nigeria (CBN) would contribute N50 billion to the Assets Management Corporation (AMCON) sinking fund. Onyereri (PDP-Imo) made the announcement...

    • Posted September 23, 2013
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  • Finance committee uncovers massive tax fraud in banks

    A House of Representatives Committee on Finance has exposed what it termed ‘massive tax fraud’ by 21 commercial banks in the past seven years. The committee, which has been probing tax payments to government coffers by banks...

    • Posted August 26, 2013
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  • Sinking fund: CBN, Bankers Committee agree on 0.5% contribution

    The Central Bank and the Bankers Committee have signed a memorandum of understanding for the contribution of 0.5 per cent of commercial banks earnings to the sinking fund. The sinking fund which is a system by which...

    • Posted August 14, 2013
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  • Oduah seeks $500m for national carrier, meets Sanusi

    In a desperate move to establish a national carrier for the country this year, the Minister of Aviation, Ms. Stella Oduah, and other officials from the aviation sector met with the Governor of the Central Bank of...

    • Posted July 5, 2013
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  • AMCON will recoup investments in Enterprise, Mainstreet, Keystone banks – Lemo

    Deputy Governor of the Central Bank of Nigeria, CBN, Mr Tunde Lemo, in this interview, speaks on   the performance of the economy, the exchange rate in the last two years and  Asset Management Company of Nigeria, AMCON.  Excerpts:...

    • Posted June 30, 2013
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  • FBN Life partners First Bank over bancassurance

    With the goal to become the biggest retail insurer in the country, FBN Life Assurance Limited, a subsidiary of FBN Holdings Plc, has announced new distribution channels through partnership with First Bank’s over 700 branches nationwide to...

    • Posted May 20, 2013
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