April 4, 2016/The Nation By Collins Nweze Foreign investors repatriating profits and others exiting the Nigeria equities and bond markets last week triggered a rise in foreign exchange (forex) disbursement by leading banks. Many of the investors, after liquidating their investments, secured forex to repatriate their funds through Stanbic IBTC […]
Tag: Banks
Nigerian banks delay loan repayments due to dollar shortage
Fri Mar 4, 2016/Reuters By Chijioke Ohuocha LAGOS (Reuters) – Nigeria’s central bank has tightened restrictions on the flow of dollars to domestic lenders, forcing them to delay hard currency loan and trade repayments to foreign banks and increasing the risk of default, bankers say. Reeling from the slump in […]
Nigerians Declare Showdown With Banks Over High Bank Charges
February 29, 2016/The Will A group, Consumer Advocacy Foundation of Nigeria (CAFON), is leading the protest to boycott banking activities on Tuesday, to protest alleged exorbitant deductions and unnecessary bank charges. According to reports gathered by THEWILL, the not-for-profit group, dedicated to advocacy for consumer rights and protection has declared […]
