Banks Provide N860b Credit For Private Sector Deposit Money Banks (DMBs) said, in compliance with the new Loan to Deposit Ratio directive of the Central Bank...
Banks’ Credit to Private Sector Surges 2.65% in Q2, 2019 The total credit provided by Nigerian banks to the private sector rose by 2.65 percent in...
China Entices Nigeria With Low-Interest Loans, Cheap Labour to Remain Nigeria’s Lender Analysts have revealed that Nigeria is more indebted to China than any other country....
Loan Defaulters: Lenders to Seize Deposits in Other Banks As Nigerian banks moved towards implementing the new 60 percent loan-to-deposit ratio directive in September, lenders and...
CRC Introduces Credit Score Service The CRC Credit Bureau has introduced a new credit score to help assess the credit history of intended borrowers. According to...
Smallholders’ Farmers Get FG’s N120bn Loan A total of 720,000 small-holder farmers have received credit facility totalling N120.6bn through the Central Bank of Nigeria’s Anchor Borrowers’...
Over N7.4tn Borrowed by 100 Bank Customers in Three Months About 100 customers of Deposit Money Banks borrowed the sum of N7.44tn during a three- month...
Govts, Oil Firms, Manufacturers Borrow N8.24tn From Banks The oil and gas sector, governments and manufacturers account for the large chunk of loans from Nigerian banks...
Banks’ Non-performing Loans Fall to 9% – CBN The non-performing loans of the banks fell by six per cent from 15 per cent in June 2017...
CBN, Banks to Build Database of Loan Defaulters In an effort to identify loan defaulters and reduce the size of bad debts in the banking sector,...