In Your Interest
March 9, 2018/CBN We have observed, with concern, the significant increase in the number of complaints the Central Bank of Nigeria (CBN) receives from customers of financial institutions especially deposit money banks’ customers on various banking products and services. The complaints range from allegation of excess charges, unauthorized deductions, excess […]
8/3/2018/Fitch Ratings Chinese authorities’ reported plans to relax provisioning requirements and broaden the scope of eligible capital instruments provide greater scope for banks to migrate non-loan and off-balance-sheet assets into loans, says Fitch Ratings. The lower provision requirement would also allow banks to accelerate loan impairment recognition. Tight regulations on […]
March 9, 2018/Thisday Obinna Chima Six of the largest banks in the country accounted for 57.05 per cent of the total deposits in the industry as at June 2017, compared with the 53.70 per cent recorded at the end of December 2016. Also, the six banks also accounted for 60.11 […]