Chinese interbank rates, or the rates at which banks lend to each other, have been rising since before the Dragon Boat festival earlier this month. A statement from the People’s Bank of China on Monday suggests that policymakers are serious about reform and are willing to take on short term […]
Author: InvestAdvocate
Keystone Bank Offers 15% Interest Rate on Mortgage
By InvestAdvocate Lagos (INVESTADVOCATE)-Keystone Bank Limited is offering a 15 to 18 percent (15%-18%) interest rate on mortgage. Philip Ikeazor, Managing Director/Chief Executive Officer (MD/CEO) made this disclosure at a recent media parley with business editors in LagosNigeria. According to him, the Central Bank of Nigeria (CBN) does risk based […]
CBN to release microfinance bank bail-out plan September
The Central Bank of Nigeria has concluded plans to roll out framework for the disbursement of specialised fund meant to assist microfinance banks with liquidity problems. The Director, Other Financial Institutions Department of the CBN, Mr. Olufemi Fabanwo, made the disclosure during an interview with journalists at the opening session […]
