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A new directive by the Central Bank mandates Nigerian banks to give N65 as loans for every N100 they have as deposits.
Contrary to insinuations in some quarters, the Central Bank of Nigeria (CBN) new policy regime mandating banks to go after customers who default on the repayment of their loans by seizing their deposits in other accounts is backed by law.
The Central Bank of Nigeria has pegged bank deposit placement through its Standing Deposit Facility (SDF) at N2billion, saying that any amount in excess of that will not attract interest payment.
In a bid to further stimulate lending to the economy, the Central Bank of Nigeria, CBN, yesterday, said bank deposit placement through its Standing Deposit Facility, SDF, in excess of N2 billion will not attract interest payment.
The Central Bank of Nigeria has said the country attracted $6 billion foreign investments in the first three months of the year.
The House of Representatives’ Speaker, Femi Gbajabiamila, has said the nation needs to urgently build technical capacity and make concerted efforts to be able to tackle the challenge of climate change and environmental degradation.
The National Caucus of the All Progressives Congress (APC) on Thursday night endorsed the proposed meeting of the National Executive Council of the party slated for Friday.
National Chairman of the All Progressives Congress (APC), Comrade Adams Oshiomhole last night hailed the commitment and patriotism of the Speaker of the House of Representatives, Femi Gbajabiamila on the passage of Petroleum Sharing contract and deep offshore bill recently passed into law by the National Assembly.
The National Rubber Producers, Processors and Marketers Association of Nigeria (NARPPMAN) has assured that the body would create 164,000 job opportunities for the masses in the country as part of its 10-year target in rubber industry.
The Board of Trustees, BoT, of the Peoples Democratic Party, PDP, late Thursday night, tasked the National Working Committee, NWC, to investigate party leaders whose antics cost the PDP the governorship seats in the recently concluded governorship elections in Bayelsa and Kogi states.
The Appeal Court sitting in Port Harcourt on Friday ordered the Independent National Electoral Commission (INEC) not to remove the All Progressives Congress (APC) and its governorship candidate, David Lyon, from the ballot, to enable him to participate in the forthcoming governorship election in Bayelsa State slated for Saturday.
Harry Kane has joined the chorus of Tottenham fans issuing an emotional farewell to departed manager Mauricio Pochettino.
The federal government on Thursday said it has resuscitated the Presidential Mines Surveillance Task Force to curb illegal mining and environmental degradation.
Super Eagles and Villarreal winger Samuel Chukwueze has insisted that the best is yet to come from the current squad of the Super Eagles.
An FCT High Court Maitama on Tuesday ordered the prosecution to pay N100, 000 for stalling trial of the Sen. Dino Malaye in alleged falsehood filed against him.