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Nigeria’s Interbank Rates, Bond Yields Plunge On CRR Reduction

Nigeria’s interbank lending rate and bond yields plunged steeply sharply on Wednesday, September 23 after markets received a cash boost stemming from the Central Bank of Nigeria’s reserve ratio cut. According to traders in Lagos, interbank rates slid to 6 per cent after climbing as high as 50 per cent, while bond yields slipped by […]

CBN Moves To Advance Agric Loans

CBN Moves To Advance Agric Loans

As the fall in global oil prices continues to batter oil-producing economies including Nigeria, the Central Bank of Nigeria has begun moves to encourage banks to advance more loans to stakeholders in the agriculture value chain. As a result, the CBN has organised a workshop on ‘innovative agricultural insurance products’ aimed at making insurance companies […]

Banks Tranasfers Money To CBN Account

Banks Tranasfers Money To CBN Account

Deposit Money Banks in the country have transferred about N1.5tn from the accounts of Ministries, Departments and Agencies of the Federal Government to the Central Bank of Nigeria as the deadline for the commencement of the Treasury Single Account policy expires yesterday (Tuesday),. Top bank executives said a huge chunk of the amount left the […]

Stanbic IBTC Sabon Gari-Kano Branch

  1, Galadima Road, Sabon Gari Kano Kano 01 422 4821 – 01 422 4822 customercarenigeria@stanbic.com Monday-Friday 08:00 AM to 04:00 PM Sundays and public holidays: Closed

AKS Admitts Oweing Commercial Banks N64.5bn

AKS Admitts Oweing Commercial Banks N64.5bn

The Commissioner of Finance, Mr. Akan Okon, who disclosed this in Uyo, on Tuesday, spoke on the desirability of converting the state’s debt to Federal Government bonds. The disclosure by the government came on the heels of criticisms by civil rights groups and the All Progressives Congress, which asked Governor Udom Emmanuel to make public […]

Loan Defaulters Sell Properties To Pay Down Debts In Nigeria

Since last week when the list of Nigeria banks loan defaulters hit the media, the chronic / toxic bank debtors have been running helter skelter to clear their names, since it is not business as usual, a source closed to one of the defaulters “Cabal” claimed it hits them by suprise , they did not […]

List Of Ecobank Nigeria Plc Toxic Debtors

Ecobank Nigeria, which has 73 names on its list, is being owed a total sum of N5.4bn by the delinquent debtors. Plasto Crown Nigeria Limited, a firm belonging to a former Minister of Environment and Housing, Lady Helen Esuene, and other people, is said to owe Ecobank N11.1m.

List Of First City Monument Bank Limited Toxic Debtors

List Of  First City Monument Bank Limited Toxic Debtors

The lists have the names of popular companies, whose directors are prominent Nigerians appearing among the high non-performing loan defaulters.In total, the 86 names on the list owe FCMB a combined sum of N17.1bn. MRS Oil & Gas, a major player in the downstream sector of the oil and gas industry, topped FCMB’s list of […]

List Of Diamond Bank Plc Toxic Debtors

Diamond Bank Plc has N47.17bn as its total NPLs, with companies belonging to prominent Nigerians owing sizeable amounts. Sir Emeka Offor’s Global ScanSystem Limited, owes N181m; Mrs. Abike Dabiri-Erewa’s Thriller Eneavours ( Not linked to the former Chairman, House of Representatives Committee on the Diaspora, ),owes N122m; Solomon Ogba’s Delta Mega Trend Limited ( A […]

List Of Unity Bank Nigeria Plc Chronic Debtors

List Of Unity Bank Nigeria Plc Chronic Debtors

Unity Bank released a list of 260 names of delinquent debtors with a combined non-performing loans of N45.52bn. Unity Bank’s list includes prominent Nigerians; Umar Mutallab’s DeanShanger Project Limited, N3.6bn; Senator Ayodele Arise and a former Minister of State for Works, Mr. Dayo Adeyeye’s International Payment Devices Limited, N81.9m; and Prince Adeyanju Olateru-Olagbegi’s Cupid Investment […]

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