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…
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Banks
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…
Industrial court seals four commercial banks in Owerri
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 –…
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
The Nigeria Police Force on Thursday confirmed recovering $470.5m belonging to the Nigerian National Petroleum Corporation’s Brass…
N5.87b fine: CBN reviews new evidence from four indicted banks, MTN
The Central Bank of Nigeria (CBN) is reviewing new evidence from four banks and MTN Nigeria over the sanctions slammed on them by…
CBN debits four banks N5.87b over illegal repatriation deals with MTN
The Central Bank of Nigeria (CBN) on Thursday made good its threat to fine four banks that breached its capital importation policy…