Category Archives: Banking
A member of the Monetary Policy Committee, Adamu Lametek, said this in his personal statement which was released by the CBN following the last MPC meeting.
This includes zero equity contribution for the provision of housing loans of up to N5million and 10 per cent contribution for housing loans ranging from N5million to N15million by contributors to the NHF.
Former Super Eagles captain and retired Nigerian international footballer, Kanu Nwankwo and his beautiful wife Amara are marking their 17 years of marriage today.
the United States International Development Finance Corporation says it has invested $530m in Nigeria’s agriculture, financial institutions, critical infrastructure and health projects.
The Regional Director for Africa at DFC, Vibhuti Jain, made this known on Wednesday while speaking at a virtual conference on available US project financing opportunities for Nigerian companies organised by the American Business Council.
A statement from the bank said it climbed 29 spots from 415 in 2019 to 386 in the 2020 Top 1,000 World Banks Ranking.
Nigeria’s foreign reserves fell by $373.23m from $36.57bn on June 1 to $36.2bn on June 29, latest figures from the Central Bank of Nigeria revealed on Thursday.
According to the CBN, the reserves maintained a steady rise at a level of $33.52bn as of April 30, before commencing its downward trend in June.
ECOBANK Nigeria Limited has asked the Federal High Court in Lagos to enter a summary judgment in its favour against Sahara Group Limited over an alleged $14 million (about N5.4 billion) debt.
The bank’s lawyer, Mr Kunle Ogunba (SAN), sought the hearing of his pending motion for the judgment sum of $9,125,119.34 against Sahara Group, which it said the firm admitted owing.
TAJBank has launched TAJXpress to boost financial inclusion.
International Finance Corporation, a member of the World Bank Group, has approved $50 million loan for First City Monument Bank (FCMB) Limited to help it expand lending to small and medium enterprises (SMEs).
The loan is to enable SMEs sustain businesses disrupted by the COVID-19 pandemic.
The bank, in a statement on Tuesday, said, “We hereby state categorically that the said claim is false, baseless and lacking in merit whatsoever.