FG shortlists 11 banks to disburse $350m Cabotage vessel fund

The Federal Government has shortlisted 11 banks to disburse $350million Cabotage Vessel Financing Fund (CVFF). The…

Clearing agents want banks to reopen port branches 

  Clearing agents operating at the Lagos ports have called on the Federal Government to prevail…

Clearing agents accuse banks of frustrating port operation

  Clearing agents operating at the seaports in Lagos have accused commercial commercial banks of frustrating…

Oil, gas sectors received highest credits from banks in Q2

The National Bureau of Statistics (NBS) says Oil and Gas and Manufacturing sectors got credit allocation…

Banks to loan manufacturing, agric sectors at 9% interest

The Central Bank of Nigeria (CBN) on Thursday said it will support lenders to enable them…

CBN mandates banks to sell forex to customers over the counter

By Omotilewa Quadri Nigerians travel-ling overseas can now heave a sigh of relief following the release…

Settle customers’ complaints within two weeks- CBN tells banks

The Central Bank of Nigeria (CBN) has instructed banks and other financial institutions to settle customers…

CBN to sanction banks that don’t have forex sales point

The Central Bank of Nigeria on Monday threatened to sanction any Deposit Money Bank in breach…

FG begins audit of TSA remittances by banks

The Federal Government has commenced an independent audit to ascertain the rate of compliance by Deposit…

FG begins audit of TSA remittances by banks

The Federal Government has commenced an independent audit to ascertain the rate of compliance by Deposit…

Court strikes out FG’s case against seven banks

A Federal High Court in Lagos has struck out a suit by the Federal Government seeking…

TSA: FG seeks out-of-court settlement with seven banks

The Federal Government has filed a notice of discontinuance of the suit it filed against seven…