CBN directs banks to comply with SWIFT universal payment confirmations
The Central Bank of Nigeria (CBN), has directed all banks operating in the country to always observe strict compliance with SWIFT…
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Banks
Nigerian banks write off N1.9trn bad loans – Report
Nearly N2 trillion bad loans were cancelled by commercial and merchant banks in four years after the 2016 economic recession in…
IMF advises banks worldwide to suspend dividend payment to shareholders,…
The International Monetary Fund (IMF) has advised top commercial banks in the world to suspend dividend payment to their…
Nigeria banks remain stable – NDIC
The Nigeria Deposit Insurance Corporation (NDIC) on Tuesday said that the country’s banks remain stable in spite of a negative…
Banks allocate N15.13trn credit to private sector – NBS
The National Bureau of Statistics (NBS) says the Nigerian banking
sector allocated N15.13 trillion as total value of…
LCCI proposes 9% interest rate for bank loan
The Lagos Chamber of Commerce and Industry (LCCI) has urged the Federal Government to peg the maximum interest rate of commercial…
MTN signs N200bn loan facility with seven banks
MTN Nigeria Communications Plc has signed a N200bn medium-term loan facility with a consortium of seven banks, Punch online…
How we recovered N268b from banks, others – RMAFC
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) on Monday said the Commission had recovered a total of N268…
CBN retains MPR at 14%, warns banks against laundering money for…
As the 2019 elections approach and political maneuvering intensify, the Central Bank of Nigeria (CBN) has warned Deposit Money…
CBN lends banks N956b in three months
Commercial banks got N956.64 billion loans from the Central Bank of Nigeria (CBN) in three months to boost their liquidity…