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. […]
World News
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 […]
FG to reduce lending rate for growth
The Federal Government says it has resolved to reduce lending rate to single digit to attract investors and grow the economy. This indication was given on Monday by the Minister of Trade and Investment, Mr. Olusegun Aganga, at the foundation laying ceremony of Funduk Intravenous Fluids Factory in Ibadan. According […]
