Indications have emerged that the House of Representatives may strip the Central Bank of Nigeria of its supervisory role. The Chairman, House of Representatives Committee on Banking and Currency, Mr. Jones Onyereri, said the move to strip the CBN of its supervisory role would be an integral focus of the […]
Tag: Banks
Bank of America, other banks move closer to ending mortgage mess
Bank of America Corp announced more than $14 billion of legal settlements over bad mortgages it sold to investors and flaws in its foreclosure process, taking the bank a step closer to ending the home loan problems that have dogged it for years. About $3 billion of Bank of America’s […]
CBN examines banks’ compliance with lending guidelines
The Central Bank of Nigeria has commenced a risk-based examination or management of loan portofios of Deposit Money Banks to check inherent risks in their operations, investigation has revealed. Our correspondent gathered from a reliable source on Tuesday that the test, which was ongoing, was scheduled to hold for six […]
