30/3/2018/CBN Executive Summary Supply: The availability of secured credit to households increased in Q1 2018 and was expected to increase in the next quarter. Favorable economic outlook was the major factor for the increase in the secured credit. Lenders reported that the availability of unsecured credit to households increased in […]
Money Market
Jaiz Bank, Islamic Development Bank Sign $20m SMEs Financing Deal
Culled—Proshare April 3, 2018/ NBCC / The Nation Jaiz Bank Plc and Islamic Corporation for the Development of Private Sector (ICD), the development arm of Islamic Development Bank (IDB), yesterday signed a $20 million line of agreement to finance Small and Medium Sized Enterprises (SMEs) in Nigeria. The financing deal […]
Four banks earned N49bn from maintenance charges in 2017
2/4/2018/Punch Oyetunji Abioye four commercial banks operating in the country generated about N49bn from maintaining customers’ accounts in 2017, the annual reports of the banks showed. This an increase of N16.4bn over the total amount (N32.6bn) the four banks made from maintenance charges paid by their customers through savings, current […]
