19 h. ago Reps summon CBN gov over unremitted N16trn revenue into Federation Account

The House of Representatives on Wednesday passed a resolution to compel the Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, to appear before the House over allegations bothering on non-remittance of over N5 trillion Operating Surplus and N11 trillion government revenue into the federation account. Leading debate on the motion, Chairman, House Committee […]

Politics

35 h. ago Reps Accuse Commercial Banks Of Illegal Charges, Deductions From Customers’ Accounts

The House of Representatives on Tuesday accused commercial banks of perpetrating illegality by deducting inexplicable monies from customers without remittances. The House Ad-hoc Committee Chairman, investigating the deduction of taxes from civil and public servants’ earnings and bank charges on customers’ accounts, Rep. Kelechi Nwogu, said this during an investigative panel in Abuja. Nwogu reiterated […] The post Reps Accuse Commercial Banks Of Illegal Charges, Deductions From Customers’ Accounts appeared first on Information Nigeria.

Economics

37 h. ago Reps Summon Nigerian Bank CEOs Over Alleged Illegal Deductions

The Chief Executive Officers of commercial banks in Nigeria have been directed to appear in person before an investigative panel of the House of Representatives regarding alleged illegal and unexplained deductions from customers’ bank accounts. The summons was issued on Tuesday in Abuja by the House Ad-hoc Committee investigating deductions of taxes from the salaries […]

Politics

52 h. ago Reps summon bank CEOs over illegal tax deduction, sundry charges

"We have given a deadline that any bank that fails to submit the requested documents on...

Politics

5 d. ago NBCC, First Bank partner to promote business growth, bilateral engagements

The Nigerian British Chamber of Commerce (NBCC) and First Bank of Nigeria have collaborated to strengthen business development and enhance read more NBCC, First Bank partner to promote business growth, bilateral engagements

Politics

5 d. ago FBI: Nigerian ringleader of nationwide bank fraud, money laundering jailed in US

The Federal Bureau of Investigation (FBI) has announced the sentencing of Nigerian national O...

Events

6 d. ago I founded community bank in US to help minorities — Nigerian engineer, Ajimotokan

Meet Bolaji Ajimotokan, the Nigerian engineer who founded a community bank in the US to provide affordable financial services to minority communities. Read More: https://punchng.com/i-founded-community-bank-in-us-to-help-minorities-nigerian-engineer-ajimotokan/

Politics

7 d. ago Experts urge Nigerian SMEs to embrace crowdfunding, credit guarantees, other alternatives to bank loans

Experts have highlighted a widening range of non-bank financing options designed to help small businesses overcome long-standing barriers to traditional read more Experts urge Nigerian SMEs to embrace crowdfunding, credit guarantees, other alternatives to bank loans

Politics

1 week ago N200bn Credit Dispute: Appeal Court Upholds First Bank’s Victory

The Court of Appeal, Abuja, on Friday dismissed the appeal filed by the Nigerian Agricultural Insurance Corporation (NAIC) against First Bank of Nigeria in the long-running dispute over the disbursement of the Federal Government’s N200 billion Commercial Agriculture Credit Scheme. The decision was one of seven precedent-setting judgments delivered in six hours same day by […]

Politics

1 week ago N200bn Agric credit dispute: Appeal Court slams NAIC, upholds First Bank victory

The Court of Appeal, Abuja, has dismissed the appeal filed by the Nigerian Agricultural Insurance Corporation (NAIC) against First Bank of Nigeria in the long-running dispute over the disbursement of the Federal Government’s N200 billion Commercial Agriculture Credit Scheme. The decision was one of seven precedent-setting judgments delivered in six hours on Friday by Justice […]

Politics

2 w. ago Ministers, industry leaders to chart new direction for local content at PNC forum

Nigeria’s drive to deepen local participation in the oil and gas sector will take centre stage in December as ministers, policymakers, international oil companies, and indigenous operators converge on Yenagoa for the 2025 Practical Nigerian Content (PNC) Forum. Ahead of the gathering, the Nigerian Content Development and Monitoring Board (NCDMB) and the Nigerian Export-Import Bank […]

Politics

3 w. ago Banks’ Deposit With Central Bank Of Nigeria Soars To N48.40trn

The Nigerian banking sector’s deposits with the Central Bank surged by 154 per cent, reaching N48.40 trillion in the second quarter of 2025. Data from the CBN’s economic report for Q2 2025 showed that the sharp increase occurred as the Central Bank of Nigeria (CBN) intensified efforts to withdraw excess liquidity from the financial system […]

Politics

3 w. ago Access Bank Launches SME Academy To Tackle Business Failure Rate

Access Bank has launched its SME Academy to equip Nigerian entrepreneurs with the skills and tools necessary to sustain and scale their businesses, thereby addressing the country’s high rate of small business failure. Speaking during the launch of the Bank’s SME Academy in Lagos, the head of Retail Banking at Access Bank, Olumide Olatunji, said […]

Politics