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Tag "cbn fine"

12 banks debited N499bn for inability to meet loan ratio

    12 banks debited N499bn for inability to meet loan ratio

The Central Bank of Nigeria (CBN) says 12 banks have been debited N499 billion for failing to give out 60% of their deposits as loans. The cash reserve of the

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EFCC officials storm head office of Standard Chartered Bank

    EFCC officials storm head office of Standard Chartered Bank

Officials of the Economic and Financial Crimes Commission (EFCC) stormed the headquarters of Standard Chartered Bank in Lagos on Friday. A source at the bank confirmed this to TheCable, saying

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Diamond Bank shareholders censure board over N7.99m CBN fine

Shareholders of Diamond Bank have expressed their dissatisfaction over the N7.99 million paid by the bank as penalties to the Central Bank of Nigeria (CBN) during the financial year ended December

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