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...
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.