Deposit Money Banks in the country have pledged to increase financing for the agricultural sector, in a move considered to be a major step in ensuring the sustainable development of the sector. The banks made the commitment through the Bankers’ Committee’s Sub-Committee on Economic Development – at a special meeting […]
Tag: Deposit Money Banks
Banks Credit to Private Sector rises by 1% in July 2012-CBN
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Banking system Credits to the Private Sector has risen to N14.845 billion in July 2012 indicating a rise of 1.0 percent (1.0%). This is contained in the Central Bank of Nigeria’s (CBN’s) Economic Report for the Month of July 2012. According to the CBN’s Economic […]
Banks lost N5.8bn to fraud in 2011
Deposit Money Banks in the country lost a total of N5.8bn to cases relating to fraud in 2011, a publication by the Central Bank of Nigeria has revealed. According to the document, there were 2,527 reported cases of attempted fraud or forgery, involving N29.5bn, as against 5,960 cases involving N19.7bn […]
