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Money Market

3,383 farmers abscond with N364 million CBN loan

Report says that 3,383 farmers, who benefited from the N364 million loan in Taraba State between 2018 and 2019, are on the run. The...

Access Bank secures $93.8 million syndicated loan

  Access Bank PLC has announced the signing of a Subordinated Syndicated Loan Agreement totaling $93.8 million with the Dutch Development Bank (FMO), the French...

The World Bank moves to trim poor countries debt

  The World Bank has said that it is looking at ways to reduce the amount of debt owed by poor nations – rather than...

CRR will affect Banks, returns and lending ability says Fitch

  Indications have emerged that the Cash Reserve Ratio, CRR, being implemented by the Central Bank of Nigeria, CBN, will affect banks’ returns and ability...

NDIC discloses its Intervention In Fortis Microfinance Bank

  Contrary to misleading reports, the Nigeria Deposit Insurance Corporation, NDIC, has adhered to statutory guidelines on the distress resolution and liquidation of Fortis Microfinance...

Nigeria devalues it’s currency, naira now exchanges N380 to $1

  Nigeria, Africa’s biggest crude oil exporter, has officially devalued its currency, Naira, against the dollars. The country’s apex bank, Central Bank of Nigeria, CBN, which...

CBN, Heritage Bank drive investment, job creation

  Heritage bank Plc in collaboration with the Central Bank of Nigeria,CBN, under the Nigerian Incentive-Based Risk Sharing in Agricultural Lending, NIRSAL, has continued to...

Ecobank Costumers can now withdraw from ATM without cards

  In all Ecobank-owned automated teller machines, bank customers can withdraw without cards, thanks to its cardless withdrawal concept, Xpress Cash. Under the new service, users...

Access Bank acquires Cavmont Ltd in Zambia

  Access Bank Plc has acquired Cavmont Bank Ltd. Zambia as it seeks deeper foothold in the Southern African country. The bank announced this via a...

Sterling Bank reports 10% growth in half-year net interest income  

Sterling Bank reports 10% growth in half-year net interest income Sterling Bank Plc, a full service national commercial bank has reported a net interest income...