The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending, introduced July last year, has guaranteed N25bn of agricultural loans, latest data from the Central Bank of Nigeria has shown. This has effectively lifted lending to the sector to four per cent of banks’ total loans, from the average of 1.5 […]
Tag: Central Bank
UBA’s H1 Performance Driven by 20.1% Interest Income Growth
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – The recent performance of the United Bank for Africa Plc (UBA) recently released Half Year (H1) 2013 unaudited result is mainly driven by 20.1 percent (20.1%) growth in interest income to N88.6 billion compared to N73.8 billion it recorded in H1 2012. Afrinvest […]
CBN recovers N9bn excess charges from banks
The Central Bank of Nigeria said on Wednesday in Abeokuta, the Ogun State capital that it had recovered over N9bn excess charges deducted from customers’ accounts by banks across the country. The CBN said it facilitated the recovery of the excess charges in the last one year. The CBN’s Controller […]
