Ahmed Idris (Al Jazeera) Economists are warning bad debt and low savings are threatening the survival of many commercial banks in Nigeria. Millions of people do not deposit their savings in banks and the wealthy choose to invest elsewhere. The country’s central bank says just two percent of Nigeria’s 190 million people have savings of at […]
The post High debt, low deposits puts Nigeria’s banks on the line appeared first on The Sun Nigeria. …
Commercial Banks
FG to recover $7bn CBN bailout to banks
“If you recall, in 2006, the Central Bank of Nigeria (CBN) gave out bailout funds to banks to the tune of $7 billion.” Iheanacho Nwosu and Isaac Anumihe, Abuja Federal Government has launched investigation into the over $7 billion bailout funds given to commercial banks in 2006. READ ALSO: Excess charges: Enugu Assembly urges FG, CBN to put […]
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S/East, S/South groups urge FG to develop cooperatives
David Onwuchekwa, Nnewi Consumer cooperatives in the South East and South South geopolitical zones have ended up their 4-day capacity building workshop with the resolve to develop cooperative industry in the two zones. Arising from the workshop held at Federal Cooperative College, Oji River, Enugu State, participants agreed that there was need for Federal Government […]
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‘Why CBN needs to monitor commercial banks’
Princess Layo Bakare Okeowo is the Chief Executive Officer, FAE Limited, a company involved in the production of fast moving consumer goods amongst other things. In this interview with BIODUN-THOMAS DAVIDS, she speaks on the problems besetting the manufacturing sub-sector and other related issues. Excerpts: As an industrialist, how will you react to the stateRead More …
NLC strike: Banks, schools, post office close for business in Kebbi
Olanrewaju Lawal, Birnin- Kebbi Commercial Banks, public schools including general post office in Kebbi State were closed against numerous customers following the commencement of nationwide strike embarked upon by the Nigeria Labour Congress (NLC) and other Labour Unions workers. Daily Sun observed that all the commercial banks earlier, on Thursday, open their premises for transactions […]
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Emefiele optimistic of peaceful resolution of MTN, banks’ $8.1bn crisis
Uche Usim, Abuja Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday, assured Nigerians and the international community that the apex bank would resolve the $8.1 billion forex repatriation dispute involving MTN and four commercial banks amicably, so that all parties involved and the Nigerian government will be pleased in the end […]
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FG panel to recover $7bn bailout funds from commercial banks
THE Special Presidential Panel for the Recovery of Public Property is to recover the seven billion dollars bailout fund granted commercial banks between 2006 and 2008. The panel Chairman, Mr Okoi Obono-Obla, said in Abuja […]
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Presidential panel to recover $7bn bailout funds from commercial banks
The Special Presidential Panel for the Recovery of Public Property is to recover the seven billion dollars bailout fund granted commercial banks between 2006 and 2008. The panel Chairman, Mr Okoi Obono-Obla , said in Abuja on Friday that the banks had yet to refund the money over a decade after. Obono-Obla said that the […] …
