CRR: Banks Now Lend To Each Other At 44% Interest Rate
This is certainly not a very good period for Nigerian banks. According to Thisday inter bank rates have increased to ...
Tag: banks
News and analysis about banks
This Is The Real Reason Why CBN Raised Bank CRR On Public Sector Funds
When the CBN announced a couple of weeks ago that it was increasing bank CRR for public sector funds a ...
Confirmed: Bank Promos Are A Lottery And They Are Free to Continue (Lottery Commission)
A few months a go I wrote an short story about the possible impact of lottery banking in Nigeria. ...
How To Calculate Cost To Income Ratio?
I am sure some of us who bother reading financial statement of banks may have come in touch with ...
Cash-less: Banks To Enforce Rejection Of Third Party Cheques Exceeding N150,000 From Monday June 3rd
I received a text message yesterday from my Bank as follows; 'Dear Customer, kindly note that from June 1, 2013, ...
After Being Bailed Out By AMCON, Nigerian Banks Continue To Chase Awards. This Time It’s International
Despite lending at exorbitant rates and only just recovering after being bailed out by AMCON, the award spree has started ...
Banks Dump Lending To Airlines, Prefer Private Jets (PJ)
This revealing Punch Article suggest banks are no longer interested in financing Airlines prefering to finance PJ's (Private Jets). ...
Video: House of Reps Threaten to Arrest 10 Bank MD’s
The House of Reps is used to issuing bench warrants of arrest to anyone they dim fit provided the invitees ...
NIGERIAN BANKS PARTICIPATE IN A N470BILLION ($3BILLION) SYNDICATED LOAN TO MTN NIGERIA
A consortium of Nigerian and foreign Banks have lent telecommunication Giant MTN, a sum of N470billion to help finance ...
Preferential Treatment: Holdco Banks Are Now Exempt From Excess Dividend Tax While Other Nigerian Companies Are Not
Taiwo Oyedele the reputable and ever reliable tax professional and partner at PWC in an article on Businessday, lamented at ...
