Posts Tagged ‘loans’
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CBN: Regulatory Measures to Improve Lending to the Real Sector of the Nigeria Economy

by Breaking Timeson January 9, 2020
CBN has ordered all Deposit Money Banks (DMBs) to give out loans to real sectors in the Nigeria Economy and also decided to retain the minimum 65% loan deposit ratio (LDR) in the interim. The DMBs are required to maintain this level and further advised that average daily figures shall be applied to access compliance […]

Knowing Your Credit Score

by Breaking Timeson December 17, 2019
What is your credit score? How credible a lender are you? Are you aware that to access loans of varying amounts, you need a credible financial reputation? A credit score is a number based on a level evaluation that represents the credit worthiness of an individual or business. Typically, the higher your credit score, the […]

KOGI POLLS: PDP warns banks against giving loans to Gov Bello

by Ikokwu Ikembaon October 22, 2019
Ahead of the November 16 governorship election in Kogi State, the opposition Peoples Democratic Party (PDP) has cautioned commercial banks in Nigeria to be circumspect in giving loans, or any form of credit to Governor Yahaya Bello. It said banks should not give loans to “the administration of out-going Governor Yahaya Bello of Kogi State, […]

Economy: Central Bank policy frees N750b for loans

by Ikokwu Ikembaon July 12, 2019
The Central Bank of Nigeria (CBN) directive for banks not to deposit funds above N2 billion at its Standing Deposit Facility (SDF) window will free over N750 billion for loans, it was learnt on Thursday. Commercial banks are expected to deposit excess funds at the CBN daily and earn interests on such funds, The Nation […]