Amid the Central Bank of Nigeria’s (CBN) new capital requirements for banks, Access Holdings Plc has announced plans to establish …
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Ekiti Revenue Service Advocates for Central Billing System Adoption by Banks
The Ekiti State Revenue Service (EKIRS) has called for the adoption of a Central Billing System by banks and Remita …
Read More »CBN Restricts Banks from Profiting from Foreign Exchange Revaluation
The Central Bank of Nigeria (CBN) has recently reiterated its directive to banks, barring them from paying dividends to shareholders …
Read More »70 Percent of Financial Crimes Linked to Banks: A Wake-Up Call for Nigeria’s Banking Industry
The Economic and Financial Crimes Commission (EFCC), it has been disclosed that a staggering 70 percent of financial crimes in …
Read More »CBN Nearing Completion of FX Backlog Clearance
The Central Bank of Nigeria (CBN) is close to completing the clearance of outstanding foreign exchange (FX) backlogs, according to …
Read More »Cleric and Five Others Sentenced to Death for Armed Robbery in Bank Heists
A court has sentenced a cleric, Evangelist Adewale Adelu, and five others to death by hanging for their involvement in …
Read More »“Reps Investigate N11.632 Trillion Revenue Collected by Banks for Federal Government via REMITA Platform”
The House of Representatives has initiated an investigation into the N11.632 trillion revenue collected by Access Bank, Citi Bank, Ecobank, …
Read More »Reps to Investigate Banks’ Non-compliance with CBN Directives on Net Open Position Limits
The House of Representatives has decided to investigate the non-compliance of banks and financial institutions with the Central Bank of …
Read More »Government Revenue Lost in Commercial Banks, RMFAC Chair Reveals
In a recent revelation by the Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMFAC), a substantial amount of …
Read More »CBN directs banks to issue, accept old, redesigned Naira banknotes
The Central Bank of Nigeria (CBN) has instructed banks to give out and take in both old and new Naira …
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