Money Market

CBN Reduces Banks’ Statutory Loan to Deposit Ratio (LDR) to 50%

April 18, 2024/CBN Culled: Proshare The Central Bank of Nigeria (CBN) has announced a review of the loan-to-deposit ratio (LDR) following a policy shift. CBN reduced the Loan-to-Deposit Ratio (LDR) by 15% to 50%. This is a new approach,  as the CBN had earlier increased banks’ Cash Reserve Ratio (CRR) […]

Access Bank Unveils N200m, 3 SUVs, other exciting prizes in DiamondXtra Season 16

April 17, 2024 By Kelechukwu Mgboji InvestAdvocate Lagos (INVESTADVOCATE)-Access Bank has launched the sixteenth season of DiamondXtra, a savings and reward account offering customers the chance to win prizes totaling N200 million and three SUVs, among other exciting rewards. At the unveiling event in Alaba International Market, Lagos, Bolarinwa Animashaun, […]

UBA Unveils Strategies to Navigate Regulatory Changes, Sustain Growth Momentum

April 15, 2024 By Kelechukwu Mgboji InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s leading lender, United Bank for Africa (UBA) Plc, has revealed its strategic roadmap to adapt to the evolving banking landscape while fortifying its growth prospects for the fiscal year, 2024. In a statement over the weekend, the bank underscored its commitment […]