Home Topics Licenced Banks

Licenced Banks

MGCs: CBN pegs minimum capital at N6 billion

The Central Bank of Nigeria (CBN), has said that companies seeking licenses as Mortgage Guarantee Companies (MGCs), shall maintain a N6 billion minimum capital in addition to N100,000 non-refundable application; non-refundable licensing fee of N1 million; and N50,000 change of name fee.

Recent Stories

Ljubisa Tumbakovic

Montenegro coach Ljubisa Tumbakovic unaware of alleged racist chants in England game

Montenegro head coach Ljubisa Tumbakovic insisted he did not hear any racist chanting aimed at England players during Monday night's European Qualifier.

Lagos government urges occupants of distressed buildings to relocate

The Lagos State Government has urged occupants of marked distressed buildings across the state to immediately vacate them pending the arrival of the demolition team of Lagos State Building Control Agency (LASBCA).

Governor Ortom dedicates victory to God, Benue people

Governor Samuel Ortom of Benue State has dedicated his victory at the state governorship election to God and the people of the state.
Bisi Adeleye-Fayemi

Bisi Fayemi lauds Ekiti government on women’s rights

Wife of governor of Ekiti State, Bisi Fayemi, on Monday, commended the state government for adequate protection of women’s rights in the state.
Scott Morrison

Australia threatens to jail social media executives over terror images

Australia warned social media giants Tuesday that executives could be jailed if they fail to quickly remove extremist material from their platforms.