Sunday, February 9, 2020

Tag "loan default"

    Loans to be settled with defaulter’s deposits across all banks

Loans to be settled with defaulter’s deposits across all banks

The Central Bank of Nigeria (CBN) and commercial banks in the country have agreed that loan defaults will be settled using deposits made in other banks. Addressing journalists after the Bankers Committee meeting on Monday, Aishah Ahmad,  CBN's deputy governor, financial services system, said the directive is to encourage banks to increase lending. "We are not unaware of the challenges/reasons why credit has [...]

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Exchange Rates

February 04, 2019USDGBPEUR
INTERBANK306397354
LAGOS355444389
KANO354445370
PH355447412
ABUJA356454413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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