Banks guarantee hitch-free services as Covid-19 bites harder
Despite the escalating effects of the coronavirus pandemic on every sector of the economy, financial institutions have assured their customers
‘Only few Nigerian consumers, SMEs enjoy credit facilities from banks’
The Managing Director/ Chief Executive Officer of CRC Credit Bureau Limited, Tunde Popoola said available statistics had shown that only a few Nigerian consumers and Small and Medium Enterprises
Network hitches linger as slow Internet impacts banking, businesses
It appears there is no respite yet for consumers, especially those who make use of the Internet facility, as the service has remained at its lowest ebb in the last five days
United Kingdom commits $39.2 million to SMEs financing in Nigeria, others
The United Kingdom’s publicly owned impact investor, CDC Group, has announced the commitment of $39.2 million to support small and medium enterprises (SMEs) in West Africa.
New guide to bank charges takes off today
Today marks the take-off point for a new regime of banking charges against customers for services rendered, but there is general apathy trailing expectations of compliance
‘65% loan to deposit ratio a good policy to assist real sector’
Following the directive by the Central Bank of Nigeria (CBN), to raise the Loan to Deposit Ratio (LDR) of banks to 65 per cent to assist the real sector, financial directors have described the policy as a welcome development.
Banks deny telco on USSD charges, services
The proposed but now suspended N4 per 20 seconds charge on unstructured supplementary service data (USSD) platforms for money transfer transactions in Nigeria, got another spanner thrown in its wheel, as bank chief executives, yesterday, dissociated themselves from the planned charges.
CBN’s lending to banks averages N96b in six months
The Standing Lending Facility (SLF) window of the Central Bank of Nigeria (CBN) was full of activity in the first half of 2019, as banks borrowed a daily average of N95.63 billion in 121 days of transactions, during the period.
Shareholders condemn N499b fine on 12 banks over loan breach
Capital market shareholders have condemned the N499 billion fines slammed on 12 commercial banks by the Central Bank of Nigeria (CBN), for breaching the regulator’s directive on lending to the real sector, insisting the move is capable of shrinking the banks’ earnings, and ultimately erode profitability and dividend payout.