Indications have emerged that industrialists and entrepreneurs may continue to suffer lack of access to loans from deposit money banks in 2013. A report by Fitch obtained by our correspondent on Monday said, “We expect loan growth to be subdued until second half of 2013, as the market adjusts to […]
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FG to reduce lending rate for growth
The Federal Government says it has resolved to reduce lending rate to single digit to attract investors and grow the economy. This indication was given on Monday by the Minister of Trade and Investment, Mr. Olusegun Aganga, at the foundation laying ceremony of Funduk Intravenous Fluids Factory in Ibadan. According […]
Electronic fund transfer transactions hit N9.9tn
Statistics by the Nigeria Inter-Bank Settlement have shown that 20 million NIBSS instant payment (electronic fund transfer) worth N9.9tn were transacted between January and September this year. The data presented at the monthly meeting of the Nigerian Electronic Fraud Forum in Lagos on Thursday stated that transactions executed on NIBSS-registered […]
