The Central Bank of Nigeria has issued new directives on lending guidelines involving Deposit Money Banks, Financial Holding Companies and other subsidiaries within the group. The CBN said in a circular on Tuesday that credit by a bank to its HoldCo would be regarded as a return of capital and […]
Tag: Banks
Five banks control 70% of Nigerian market – Report
The imperfect competition in the banking sector since the shake-up by the Central Bank of Nigeria in 2009 has continued as five out of the 20 banks in the country currently control 70 per cent of the market. A report obtained from the Financial Derivative Company Limited on Friday listed […]
CBN Direct Banks to Submit Returns on EIB Investments
By Our Correspondent Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) has directed Banks to submit returns on European Investment Bank’s Investments for the period January 28 to December 2012. This is contained in a Circular with Reference Number TED/FEM/FPC/GEN/01/24 dated January 28 2013 signed by NT Igba for Director, […]
