Commercial Banks
18 Mar
Currently, the conventional banking system in Nigeria is facing fierce competition from financial technology companies popularly known as Fintech, majorly as a fallout of the shoddy implementation of the cashless policy of the CBN...
1 Nov
The ratification of the African Continental Free Trade Agreement (AfCFTA) in 2020 presented an opportunity to revolutionise Africa’s economy.
5 Sep 2022
Deposit money banks (DMBs) accessed an accumulated value of N4.4 trillion from the Central Bank of Nigeria (CBN) through its overnight lending window from June to August, data sourced from the regulator suggested.
17 Aug 2018
Succour may soon come the way of manufacturers and entrepreneurs, especially the agriculture sector, as the banking industry’s accumulated cash reserve, ratio (CSR) estimated at N4.11 trillion, would be opened for lending through a target approach. Specifically, the Central Bank of Nigeria (CBN) and commercial banks have agreed to fund projects of manufacturing companies and…
20 Jul 2017
Abdullahi Umar Ganduje was recently accused on the social media of embarking on conventional loan to pay workers salaries, which they claimed attracted over N1billion interest for just three days, an action, his antagonists considered irrational.
Latest
18 mins ago
First Bank of Nigeria Limited has announced a phased corporate name change of its subsidiaries in the United Kingdom and Sub-Saharan Africa.
32 mins ago
The Management of Rivers State University (RSU) has announced the commencement of academic activities at the university’s satellite campuses in Ahoada, Emohua and Etche councils of the state.
39 mins ago
Chairman of the ruling All Progressives Congress (APC) in Cross River State, Alphonsus Eba, has maintained that power rotation witnessed in the state since 1999 will be legalised.
40 mins ago
Governorship Election Tribunal sitting in Asaba, Delta State capital, has granted Labour Party (LP) and its governorship candidate, Deacon Ken Kawhariebie Pela, leave to inspect all Independent National Election Commission (INEC)’s election materials pertaining to the conduct of governorship election on March 18, 2023 in the state.
49 mins ago
As reactions trail the disclosure by the Department of State Services (DSS) on Wednesday over plot to install interim government ahead of May 29 handover from President Muhammadu Buhari to President-elect Bola Tinubu, Labour Party (LP) has dissociated itself from the alleged plot, denying being part of any unconstitutional arrangement to install an interim government.