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The increase in MPR from 18% to 18.5% will certainly lead to an increase in lending rates and worsen the uncompetitiveness-MAN

The increase in MPR from 18% to 18.5% will certainly lead to an increase in lending rates and worsen the uncompetitiveness of the manufacturing...

NDIC pledges speedy payment of claims to Depositors of Closed MFBs & PMDs

Following the revocation of licenses of 179 Microfinance Banks, MFBs, and four Primary Mortgage Banks, PMBs, by the Central Bank of Nigeria, CBN, the Nigeria Deposit...

CBN revokes licenses of 179 Microfinance Banks

The Central Bank of Nigeria, CBN, on Tuesday, revoked the operating licenses of 179 microfinance banks and those of four primary mortgage banks and...

BVN issued in Nigeria has no expiry date – CBN

The attention of the Central Bank of Nigeria, CBN, has been drawn to reports suggesting that the Bank Verification Number, BVN, issued by the...

NDIC Lauds Judiciary, solicitors on diligent prosecution of failed bank cases

Caption L-R: NDIC MD/CE, Bello Hassan exchanges pleasantries with NDIC Head Legal Department, Henry Fomah and Emeka Ngige, at the 2023 NDIC Sensitization Seminar for...

NDIC tasks Depositors to protect their bank deposits

The Managing Director/Chief Executive of the Nigeria Insurance Deposit Corporation, NDIC, Bello Hassan, has urged the depositors to protect their deposits by ensuring that...

MAN urges the President-elect to address economic issues affecting the real sector in Nigeria

The Manufacturers Association of Nigeria, MAN has urged the President –Elect Bola Tinubu to address economic issues affecting the real sector of the economy...

Relief as CBN accepts Old N200, N500, and N1,000 banknotes Legal Tender

Nigerians are relieved as the Central Bank of Nigeria, CBN, has accepted N200,N500 and N1,000 Old notes as legal tender after months of harsh...

CBN issues guidelines for open banking

The Central Bank of Nigeria, CBN, has issued operational guidelines for open banking in the country. This is contained in a circular dated March 7,...

CBN Says Loan Repayment under ABP Stands At 52.39%

The Central Bank of Nigeria, CBN, says it remains committed to its developmental mandate of stimulating access to finance for the real sector, disclosing...

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