Oil, manufacturing sectors got highest credits from banks in second quarter…
The oil and gas and manufacturing sectors got the highest credits from banks to the private sector at N3.45 trillion and N2.02…
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Banks
CBN orders banks to offer loans to agric, manufacturers at nine per cent
The Central Bank of Nigeria (CBN) will be refunding Cash Reserve Ratio (CRR) to banks that fund projects in agriculture and…
Pandemonium in Edo as gunmen attack police station, two banks, kill 12
There was pandemonium on Thursday as suspected robbers killed twelve persons, including a policeman, during an attack on a police…
CBN explains why banks can’t lend at single digit interest rate
The Deputy Governor, Economic Policy, Central Bank of Nigeria (CBN), Dr Joseph Nnanna, on Thursday blamed the inability of Deposit…
Nigerian banks stop cash withdrawal from overseas ATMs
Commercial banks have suspended all cash withdrawals from overseas Automated Teller Machines (ATMs), except for customers whose…
Resolve USSD disputes in three days, CBN directs banks
The Central Bank of Nigeria, on Saturday, directed all commercial banks to resolve disputes arising from use of Unstructured…
Banks must seek Adeosun’s approval before lending to states –…
Investigations have shown that states will now have to depend on a formal approval by the Minister of Finance before their loan…
Nigerian banks lose N12.30bn to fraudsters in four years – NIBSS
The Nigerian Inter-Bank Settlement System (NIBSS), on Thursday, said the banking industry lost the sum of N12.30 billion to…
Banks to adopt N360/$ exchange rate for 2018 financial results
Commercial banks are expected to adopt N360/$ exchange rate in reporting their 2018 financial results, a report from Exotic…
Banks’ average daily loan request from CBN hit N216b
Commercial banks’ average daily loan requests from the Central Bank of Nigeria (CBN) stands at N216.34 billion due to the apex…