Financial Services
Banking, Insurance and general financial services news
CBN says 17 banks to restructure over 32,000 loans
Manufacturing and general commerce sectors constitute the bulk of the restructured facilities.
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Bank loans not main funding option for Nigerian MSMEs -PwC
In Nigeria, deposit money banks are required to keep 65% loan to deposit ratio.
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FRC issues guidelines on Code of Corporate Governance compliance
FRC engaged all regulators of sectors for the purpose of developing sectoral guidelines of corporate governance.
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S&P Global affirms AfDB’s AAA rating, projects stable outlook
The Bank has a very strong financial risk profile, capital adequacy, liquidity, extraordinary shareholder support.
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Access Bank tells customers it’s time to pay accrued stamp duty charges
The charges accrued between February 1st and April 30th, due to ommissions by the tier-1 bank.
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A look at how much banks paid their workers in Q1 2020
The Nigerian banking industry remains one of the best places to work in the country.
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MARKET UPDATE: CBN’s historic agriculture lending; Is it yielding the desired results?
CBN in recent years has played an active role in stimulating growth in the agricultural sector.
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CBN debits banks N216.1 billion for CRR compliance
Among the 26 banks affected by the latest debits are regular "victims".
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Nigeria’s tier-1 banks pay N29.8 billion worth of taxes in Q1 2020
These tier-1 banks may be entitled to tax exemptions in Q2 2020.
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AfDB second term presidency for Adesina will deepen Brazilian ties with Africa – IBRAF President
Monte said that the partnership between both institutions was because of the confidence and vision of Adesina.
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