non-performing loans Archives

Banks restructure loans worth N7.8trn for 35,640 customers, says CBN

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says 22 banks have restructured loans worth N7.8 trillion to 35,640 customers. Addressing journalists at the end of the monetary

Union Bank records 25% increase in profit

Union Bank Plc says it recorded a 25% increase in profit for the half year ended June 2018. Unaudited half-year results released by the company on Thursday showed that it

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Banks may pay N20m per day fine for insider abuse

Jones Onyereri, chairman of the house of representatives committee on banking and currency, says banks may pay as high as N20 million per day as fine for infractions like insider abuse.

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NDIC: 50 banks closed down because of loans taken by their directors

The Nigerian Deposit Insurance Corporation (NDIC) says 50 banks closed down between 1994 and 2011 because of loans taken by their directors. Adedayo Adeleke, director of bank examination department, NDIC,

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