August 25, 2016/UBA Tony O. Elumelu, Chairman of Heirs Holdings and UBA Plc. has advocated entrepreneurship as a veritable solution to achieving poverty reduction in the country. Elumelu who is also the Founder of The Tony Elumelu Foundation delivered a paper themed: “Entrepreneurship, Corporate Social Responsibility and Africapitalism: The Role […]
Updates
Nigerian bank execs meet central bank over FX market suspension – sources
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 […]
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 […]
