Tag
BANKS
News and analysis about banks
The stock market continued its trend of positive performance today as the All share index gained 0.74% to close at 29,633.58 index points
Commercial banks in Nigeria are set to begin the recovery of N6.125 trillion borrowed to oil firms in a bid to braze themselves for recapitalisation.
Commercial banks borrowed N19.64 trillion from the Central Bank of Nigeria in 2019, indicating a 73% increase from the N11.36 trillion borrowed in 2018.
With a minimum of N1,000, you can get impressive returns of 10.5% per year in Wealth Cash, much higher than the current Treasury Bills yields.
The Central Bank of Nigeria (CBN) has slashed withdrawal fees usually charged after the third withdrawal from Automated Teller Machines. The new directive is contained in the new Guide to Bank Charges released on Sunday
The Federal Government has disclosed that the sum of N43 billion collected as stamp duty on domestic transactions is being kept with the CBN. #CBN #Ahmed #NASS
Deposit Money Banks (DMBs) in Nigeria have introduced charges on the use of USSD (Unstructured Supplementary Service Data) code for banking services.
The CBN has exempted all revenue-generating accounts of government agencies, and several others from charges on cash withdrawal and deposits.
Nigerians are not here for CBN's (@cenbank) tweet this morning trying to clarify the rather controversial cashless policy.
The total loans in Nigeria's banking sector hit N15.35 trillion as at the end of March 2019. This is according to the NBS.
The Central Bank of Nigeria (CBN) in conjunction with the Bankers' Committee, has finally unveiled the Creative Industry Financing Initiative (CIFI), which will enable businesses to obtain loans up to the tune of N500m.
Telcos under the auspices of Association of Licensed Telecoms Companies of Nigeria (ALTON) have said they are not liable...