Credit Direct Limited, a subsidiary of First City Monument Bank Plc, says it has introduced mobile offices to improve productivity. The move, it said, would ensure prompt access to non-collateral loans for its teaming customers across the country. The Managing Director, Mr. Akinwande Ademosu, who noted this was in response […]

Weighed down by rising non-performing loans, Deposit Money Banks have begun aggressive loan recovery exercises aimed at cutting down their NPLs. It was learnt on Tuesday that the NPLS of many DMBs had risen above the regulatory threshold of five per cent of their total risk assets. In order to […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Foreign exchange inflow through the Central Bank of Nigeria (CBN) grew to $13.09 billion in the third quarter (Q3) of 2014, the CBN said in its latest economic report for the Q3 2014. According to the report, provisional data indicated that $13.09 billion foreign exchange […]