Thu Aug 25, 2016/Reuters By Chijioke Ohuocha and Oludare Mayowa LAGOS (Reuters) – Nigerian bank executives met with central bank officials, banking sources told Reuters on Wednesday, a day after the monetary authority suspended nine lenders from foreign exchange transactions for failing to remit money owed to the government. The […]
Updates
Banks’ bad loans rise to N649.63b
25/8/2016/The Nation are carrying a heavy load of Non-Performing Loans (NPLs), which rose 78 per cent year-on-year to N649.63 billion last May. The “worrisome” trend should be tackled, Central Bank of Nigeria (CBN) Governor Godwin Emefiele said yesterday. He was speaking at the third National Credit Reporting Conference organised by […]
Sense of Urgency to Reflate the Economy – FDC
Culled—-Proshare 24/8/2016/FDC After several months of very little to show for its efforts, the government appears to have sensed the urgency to reflate the economy. The President is reportedly seeking for emergency powers to fast track the government’s stimulus plans. The objectives of the bill to be presented to Parliament […]
