The Nigeria Deposit Insurance Corporation has expressed its readiness to grant financial assistance to deserving Primary Mortgage Institutions and microfinance banks as part of its efforts at repositioning them for better performance in the financial services system. A statement by the corporation on Wednesday quoted the Managing Director, NDIC, Mr. […]
Tag: Banks
Is CBN over-regulating the banks?
While some experts believe the banking sector needs strong regulation to avoid another financial crisis, others think they are being over-regulated and coerced, Ademola Alawiye writes. The banking sector in any economy serves as a catalyst for growth and development and is, therefore, critical to the economy in terms of […]
Nigerian Growth Will Spur Banks After Loan Clean-Up, S&P Says
Nigerian political stability and economic growth after a loan clean-up by a state company created to buy bad debt will spur expansion in the country’s banking industry this year, according to Standard & Poor’s. “Nigerian banks have good prospects in 2013 thanks to strong economic growth and currently broad political […]
