By Our Correspondent Lagos INVESTADVOCATE)-Tanzania Tuesday said its seeking to draw US$114 Million Standby Credit Facility (SCF) of the International Monetary Funds (IMF). This is contained in a Press Release from the IMF and made available to www.investadvocateng.com in Lagos Nigeria. “The Tanzanian authorities have informed the International Monetary […]
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Banks slash current account charge to N3 …plan to reduce other charges
The Bankers Committee has said Deposit Money Banks in the country have agreed to reduce all bank charges in order to enhance financial inclusion. As a first step, the committee has already endorsed the downward review of the Commission on Turnover charged current account holders from N5 on every N1,000 […]
CBN restricts lending relationships between banks, HoldCo
In a bid to forestall another crisis in the banking sector, the Central Bank of Nigeria has placed restriction on lending relationships between Deposit Money Banks and their holding companies. The Governor, CBN, Mr. Lamido Sanusi, said at an investors’ conference organised by Renaissance Capital in Lagos on Monday that […]
