May 18, 2020 By Peter OBIORA InvestAdvocate -Africa’s global lender, the United Bank for Africa Plc (UBA) on Monday said its offering 1.58 percent monthly interest rate on its Quick Loan service to customers, Jude Anele, group head, Consumer & Retail Banking of UBA made this disclosure at a Zoom […]
Money Market
Heritage Bank to disburse CBN’s N100bn loan to health, sells FX to SMEs, education sectors
May 17, 2020/Heritage Bank Plc As part of proactive measures to cushion the effect of the COVID-19 and revamp the nation’s dwindling economy, Heritage Bank is set to disburse the N100billion set aside by the Central Bank of Nigeria (CBN). This is in line with the apex bank’s policy to […]
Bank NPLs (2) – The Banking Industry and Its NPL Position
Culled—Proshare May 16, 2020 by Debtors Africa “Running into debt isn’t so bad. It’s running into creditors that hurts.” -Unknown Bad bank loans are as old as banking itself. Borrowers of money from banks default on agreed repayment terms for a variety of reasons which include, but are not limited to, […]
