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The gross loans and advances by Nigerian Deposit Money Banks rose from N17.06 trillion as of December 2020 to N17.75 trillion by the end...
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The CBN and NCC noted that the new N6.98 per transaction provides a cheaper average cost for customers.
The statement is aimed at debunking news on social media that it has shut the branches.
The disclosure is contained in a statement issued by the SSA to the Vice President on Media and Publicity, Laolu Akande.
The market breadth closed positive as OKOMUOIL led 15 Gainers, and 17 Losers topped by CWG at the end of the day’s session.
Amb. Samson Itegboje, Co-Chair of the Nigeria-Netherlands Bilateral Working Group, said that Nigeria was Netherlands’ largest trading partner in Africa.
The gross loans and advances by Nigerian Deposit Money Banks rose from N17.06 trillion as of December 2020 to N17.75 trillion by the end...
It has also acquired Grobank in South Africa and now completed the acquisition of Mozambique’s African Banking Corporation.
The incentive program was introduced to encourage recipients of dollars to use formal banking channels and help the central bank capture such inflows.
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Mr Emefiele stated that the apex bank had been keeping close tabs on First Bank over the past 5 years.
The lower interest expenses reflected the 36.7% YoY and 18.7% YoY declines in interest costs on term deposits and debt securities respectively.
The CBN claimed that the tenure of Mr. Adedutan was yet to expire and that they were also not aware of any misconduct of...