Bank lending to the domestic economy increased by four per cent to N13.8tn at the end of July, according to the Central Bank of Nigeria’s latest monthly report. The report, available on the bank’s website, stated that the four per cent increase was on month-on-month basis, compared with the growth […]
Tag: Lending
AMCON Reviews Agents Agreements for Securities Lending
Securities lending will soon take root in the Nigerian capital market as prospective lenders and appointed securities lending agents are reviewing their agreements and proposals expected to facilitate the process. Securities lending, which is the act of loaning a stock, derivative, other securities to an investor or firm is an […]
Banks (Finally) Ready to Start Lending Again
With economic conditions getting tighter, banks appear to be figuring out that it’s time to get looser. Lending conditions, particularly for businesses, are finally beginning to thaw after five years of financial lockdown, according to the latest Fed Senior Loan Officer survey. Though banks are still hesitant to lend to […]
