Nigeria banks remain stable – NDIC Olusegun Kugbayi Dec 11, 2019 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 Olusegun Kugbayi Sep 30, 2019 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 Olusegun Kugbayi Jun 11, 2019 The Lagos Chamber of Commerce and Industry (LCCI) has urged the Federal Government to peg the maximum interest rate of commercial!-->…
Featured MTN signs N200bn loan facility with seven banks Olusegun Kugbayi May 18, 2019 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 Oluwadamilare Emmanuel Nov 27, 2018 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… Oluwadamilare Emmanuel Nov 23, 2018 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 Oluwadamilare Emmanuel Nov 22, 2018 Commercial banks got N956.64 billion loans from the Central Bank of Nigeria (CBN) in three months to boost their liquidity…
Industrial court seals four commercial banks in Owerri Oluwadamilare Emmanuel Nov 7, 2018 The National Industrial Court in Owerri on Wednesday sealed four banks for disregarding its order which was issued in favour of a…
Banks lost N12bn to robbery, other fraudulent activities in six months –… Oluwadamilare Emmanuel Nov 6, 2018 Statistics obtained from the Central Bank of Nigeria (CBN) on Monday revealed that losses recorded by banks from armed robbery…
Police recover $470.5m, N8bn NNPC funds hidden in commercial banks Oluwadamilare Emmanuel Sep 21, 2018 The Nigeria Police Force on Thursday confirmed recovering $470.5m belonging to the Nigerian National Petroleum Corporation’s Brass…