March 12, 2018/Punch Oyetunji Abioye A Central Bank of Nigeria stress test has shown that only large banks will stay above the regulator’s capital adequacy ratio threshold if the non-performing loans levels of the Deposit Money Banks should rise by 50 per cent. The results of the stress test were […]
Money Market
NDIC to probe banks as fraud cases rise, loss hits N2.37b
12/3/2018/The Guardian The cases of fraud are rising in the nation’s banking industry, prompting a resolve by the Nigeria Deposit Insurance Corporation (NDIC) to investigate affected banks. In a statement, NDIC reported a 56. 3 per cent jump in reported cases from 16,751 in 2016 to 26,132 in 2017, resulting […]
All You Need To Know About Credit Bureaus in Nigeria
Culled—Proshare March 12, 2018/CBAN CREDIT BUREAUS in Nigeria: Fact Sheet A formal recognition of Credit Bureaus started in Nigeria in 2008 when the Central Bank of Nigeria (CBN) issued guidelines officially on their licensing and operations. Three Credit Bureaus were licensed in 2008: CRC Credit Bureau Limited, CR Services Credit […]
