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The Central Bank of Nigeria has deducted N500 billion from the accounts of 12 banks for failing to meet the target to provide credit to their customers.
The Bankers Committee has thrown its weight behind the Central Bank of Nigeria (CBN)’s cashless and Loan to Deposit Ratio (LDR) policies introduced by the apex bank.
A new directive by the Central Bank mandates Nigerian banks to give N65 as loans for every N100 they have as deposits.
The Central Bank of Nigeria has directed commercial banks to raise their Loan-to-Deposit Ratio from 60 to 65 per cent before December 31, 2019 deadline.
The Central Bank of Nigeria (CBN) has apologised to bank customers for the inconveniences the reintroduced cashless policy will cause.
The President and Chairman of Council, Chartered Institute of Bankers of Nigeria, Dr. Uche Olowu, has said the failure of perpetual borrowers to repay bank loans is hurting the nation’s economy.
The Central Bank of Nigeria, CBN, has released a new clause that mandates borrowers to agree that their loan balances would be offset from their bank balances across the industry.
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 Court of Appeal sitting in Makurdi has upheld the decision of the election petition tribunal affirming the election of Abdullahi Sule as governor of Nasarawa State.
An engineer in the employ of Nnamdi Azikiwe University, Awka, Anambra State, Emeka Chiaghana, has been abducted.
The crisis rocking the Edo State chapter of the All Progressives Congress (APC) has got messier with State Working Committee of the party passing a vote of no confidence in the state chairman, Anselm Ojezua.
President Donald Trump on Tuesday signalled that he would be open to striking a deal with Democrats on the Deferred Action for Childhood Arrivals (DACA) programme if the U.S. Supreme Court were to uphold his decision to repeal the initiative.
Former Minister of Sports, Bolaji Abdullahi, has said that the restoration of the governing system of the National Sport Commission (NSC) remains the best way of managing sports in Nigeria.
Gov. Kayode Fayemi of Ekiti State has called for increased budgetary allocation to the solid mineral sector to promote growth.
Former Abia Warriors striker Michael Olaha has revealed his delight following a move to Hapoel Tel Aviv after a successful three-year spell in Vietnam and has set his sights on earning a call-up to Nigeria’s senior national team.
The Economic and Financial Crimes Commission has arraigned a lawyer, Nwabufo Richard Obienu and his company, Forric Nigeria Limited before Justice B.G Diepri of a Rivers State High Court, Port-Harcourt on a three count charge bordering on conspiracy to commit felony and stealing by conversion of N200,000,000.00
A Minna Magistrates’ Court on Friday remanded a 20-year-old commercial motorcyclist, Salihu Saidu, who allegedly robbed and attempted to rape his passenger.
The Holy Father, Pope Francis, has accepted the retirement of His Eminence, John Cardinal Onaiyekan, as the Metropolitan Catholic Archbishop of Abuja.