Notwithstanding the push being given the electronic payment system, experts say growing the financial sector of the economy through an efficient e-payment scheme can only be achieved through motivation and effective collaboration among stakeholders, ADEMOLA ALAWIYE writes One of the biggest and growing technological innovations in the area of banking, […]
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CBN Bans Clearing of Financial Instruments of Liquidated Banks WEF Jan’02 2013
By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Central Bank Tuesday prohibited the clearing of Financial Instruments by Liquidated Banks with effect from January 02 2013. This was contained in Circular dated November 27 2012 and signed by Dipo Fatokun, Director, Banking and Payments System Department of the CBN and posted on its website. […]
Slow bank lending to persist in 2013 – Fitch
Indications have emerged that industrialists and entrepreneurs may continue to suffer lack of access to loans from deposit money banks in 2013. A report by Fitch obtained by our correspondent on Monday said, “We expect loan growth to be subdued until second half of 2013, as the market adjusts to […]
