Banks credit to agric sector drops by N34bn – NBS

Banks credit to agric sector drops by N34bn – NBS

Ifeanyi Onuba, Abuja The total amount of credit granted by Deposit Money Banks to the agricultural sector declined by N34.45bn from October 2016 and September 2017, an analysis of the banking sector credit report by the National Bureau of Statistics has revealed. In the report, which was obtained by our correspondent on Thursday, credit from [&#823...
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I smile to the bank with N300,000 monthly, says cobbler

I smile to the bank with N300,000 monthly, says cobbler

While statistics from the National Bureau of Statistics (NBS) showed there were no fewer than 18 million unemployed Nigerians as of the third quarter of 2017, Benjamin Daniel, a cobbler, The post I smile to the bank with N300,000 monthly, says cobbler appeared...
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Sterling Bank: We didn’t sell Grant Properties’ collateral to our ex-director

Sterling Bank: We didn’t sell Grant Properties’ collateral to our ex-director

Sterling Bank has denied the allegation that it illegally sold 10-hectares from the 50-hectare land used as collateral in an N8 billion loan given to Grant Properties Ltd, a property The post Sterling Bank: We didn’t sell Grant Properties’ collateral...
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Robbers tunnel into bank opposite police station, steal $500,000

In a heist reminiscent of a Hollywood movie, Kenyan robbers spent months building a tunnel into the bowels of a bank located opposite a police station and stole equivalent of half a million dollars, police said on Tuesday. Police said they had arrested two men...
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Unemployment: Bank advocates sustained support to MSMEs

Unemployment: Bank advocates sustained support to MSMEs

The Development Bank of Nigeria (DBN) has called for a sustained support and improved access to finance for Micro, Small and Medium Enterprises (MSMEs) as a means of managing the growing employment crisis in the country. DBN Chairman Dr Shehu Yahaya made this ...
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FMDQ approves registration of Wema Bank’s N50bn CP

FMDQ approves registration of Wema Bank’s N50bn CP

THE FMDQ OTC   Securities Exchange has approved the registration and listing of Wema Bank's N50 billion Commercial Paper (CP) programme on its platform. The post FMDQ approves registration of Wema Bank’s N50bn CP appeared first on Vanguard News. ...
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Bank’s technician bolts with employer’s N3m laptops

Bank’s technician bolts with employer’s N3m laptops

A technician working for a bank, Olusesan Orebajo, who allegedly stole eight laptops valued at N3 million belonging to his employer, was on Wednesday charged before a Tinubu Magistrates’ Court, Lagos. The post Bank’s technician bolts with employer’s N3m ...
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Litigant, bank in war of words over inheritance

Litigant, bank in war of words over inheritance

BENIN—MRS Airewele Evbu, one of the litigants in the suit involving the children of late Joseph Bazuaye, over control of his estate, has called on a first generation bank to disclose details of her father’s account. The post Litigant, bank in war of words ...
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World Bank to spend N21bn to build rural roads in Abia

UMUAHIA—WORLD Bank is to spend $60 million (N21 billion) to build 500 rural roads in Abia State to enable farmers evacuate their agricultural produce. The post World Bank to spend N21bn to build rural roads in Abia appeared first on Vanguard News. ...
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TSA breach: FG to pay N1.2m to seven banks after court strikes out suit

TSA breach: FG to pay N1.2m to seven banks after court strikes out suit

A federal high court sitting in Lagos on Wednesday struck out a suit filed by the federal government against seven commercial banks. According to Channels TV, Chuka Obiozor, the presidingThe post TSA breach: FG to pay N1.2m to seven banks after court strikes o...
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