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The Central Bank of Nigeria says it has retained the minimum 65 per cent of Loan Deposit Ratio in the interim.
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.
A new directive by the Central Bank mandates Nigerian banks to give N65 as loans for every N100 they have as deposits.
There is still high rate of poverty in Nigeria despite government’s effort in pulling the country out of recession, the national chairman of the All Progressives Congress (APC), Adam Oshiomhole, has said.
Lagos Chamber of Commerce and Industry (LCCI) says the lending policy of the Central Bank of Nigeria (CBN) will normalise the credit markets, spur economic growth and broaden the interface between entrepreneurs and the banking 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.
Less than two weeks to the general elections, gubernatorial candidate of the All Progressives Grand Alliance (APGA) in Kaduna State, Polycarp Gankon, has denied the rumour making round in the state that he has collected money to mortgage his candidature.
A Federal High Court presided over by Justice Ijeoma Ojukwu has ordered the interim forfeiture of assets and properties traced to Ngozi Olejeme, a former chairman of Nigeria Social Insurance Trust Fund, NSITF.
Ahead of the 2019 general elections, the Nigerian Guild of Editors (NGE) has advised the Independent National Electoral Commission (INEC) to be truly independent and show its loyalty to Nigeria and neither to any particular politician nor individuals.
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.
An activist, Ogedi Ogu, has asked a Lagos High Court Igbosere, to order Oxford University Press to pay N10 million as damages, over alleged wrong word definition.
The Edo State Governor, Mr. Godwin Obaseki, has disclosed that his administration is firming up strategies with relevant security agencies to tackle cases of farmer-herder clashes in the state.
The Senator representing Osun West senatorial district, Engineer Adelere Oriolowo, has described the leader of the All Progressive Congress (APC) and former governor of Osun State, Chief Adebisi Akande, as the big tower between the old and the new Nigeria.
Justice Jide Falola of the Osun State High Court in Ikirun on Friday sentenced two men to death by hanging for murder.
The Federal Road Safety Corps (FRSC), Anambra Command, on Friday said no casualty was recorded in the tanker that burnt at Upper Iweka in Onitsha.
A chieftain of the All Progressives Congress, Peter Esele, said on Friday that the Independent National Electoral Commission, INEC, should take all the blames for the verdict of the Supreme Court on the Imo governorship election.
The former governor of Imo State and Senator representing Imo West Senatorial District, Owelle Rochas Okorocha, has congratulated Senator Hope Uzodinma over his victory at the Supreme Court which declared him the new governor of the State.
A new legal attempt was launched on Thursday by British prosecutors to confiscate tens of millions of pounds stolen from Delta State by former governor, James Ibori.
Ideye’s goal in the 4-0 thrashing of Volos NPS in the Greek Super League was adjudged the club’s Goal of The Month for December.
Operatives of the Department of State Services and other critical stakeholders have rescued five aid workers from the captivity of notorious terrorists in North Eastern Nigeria on Wednesday evening.
The Coalition for Good Governance and Economic Justice in Africa has called on the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Commission (ICPC) to immediately commence a comprehensive probe the administration of Governor Godwin Obaseki of Edo over allegations of money laundering.