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Farooq

Posts Tagged "nigerian banks"

HomePosts Tagged "nigerian banks"
  • CBN

The Central Bank of Nigeria says commercial banks have increased the collateral requirements demanded from all business sizes on new loan applications. In its Credit Conditions Survey report for the first quarter of 2018, CBN said banks will demand more collateral in the next quarter. “More collateral requirements were demanded from all firm sizes on […]

Total loans secured by commercial banks from the Central Bank of Nigeria, CBN, stood at N27.46 trillion in six months, the CBN’s half year report on financial sector performances released on Tuesday has shown. The2017 half-year Financial Markets Activity Report, said loans came in the form of Standing Lending Facility (SLF), including the Intra-day Lending […]

Order papers seen by TheCable show that funds kept in accounts without bank verification number (BVN) may be forfeited to the federal government in 10 days. The order issued on October 17 was signed by Nnamdi Dimgba, a judge of the federal court, Abuja. 19 banks across the country were given an ultimatum of 14 […]

  • CBN

LAGOS, Aug 25 (Reuters) – Nigeria’s overnight lending rate dropped to 12 percent on Friday after spiking to almost 100 percent on Wednesday due to a liquidity squeeze as lenders paid for hard currency and treasury bills purchased from the central bank, traders said. Money market rates moderated on Thursday after the state disbursed 224.54 […]

First Bank of Nigeria Limited in its drive to promote convenience and ease of business for customers has raised the limits on international transactions on Naira Cards to $1,100 monthly across ATMs, PoS, and online channels, with the daily ATM withdrawals raised to $300. Similarly, Fidelity Bank Plc said it has resumed international transactions on […]

The United Bank for Africa Plc has announced an immediate upward review of the monthly international spend limit on its debit and prepaid naira cards from $100 to $2,000. The upward review, which represents a marked increase by 1,900 per cent, allows customers to withdraw up to $2,000 per month as against $100 which was […]

by Kayode Tokede, Lagos First Bank of Nigeria Limited in its drive to promote convenience and ease of business for customers has raised the limits on international transactions on Naira Cards to $1,100 monthly across Automated Teller Machines (ATM), Point of Sales and online channels, with the daily ATM withdrawals raised to $300. The bank […]

Ecobank Nigeria thursday announced an increase in the daily spending limit on its naira denominated MasterCard for international transactions from $100 to $1000 for its platinum card customers for online transactions. It also set $750 and $300 limits for its gold and standard card holders respectively. In Addition to that, the bank said it also […]

Guarranty Trust Bank (GTB) says its customers can now spend as much as $1,000 for international transactions on naira cards. Prior to the upward review, Nigerians could only spend a maximum of $100 per month on naira cards, which many considered too small for basic transactions like software purchase, international exam payments among others. In […]

Indications have emerged that Deposit Money Banks will soon start to raise dollar-denominated loans, especially Eurobonds, as the naira continues to appreciate. It was learnt that banks were now favourably disposed to raising dollar loans following the creation of the Investor & Exporters FX window by the Central Bank of Nigeria and the subsequent appreciation […]