Banks Ready To Fund Refineries Rehabilitation - NNPC Banks have expressed their readiness to fund the rehabilitation of the nation’s ailing refineries, the outgoing Group Managing Director of the Nigerian National Petroleum Corporation, Dr Maikanti Baru, said on Thursday. After efforts to secure offshore funding for...

Banks Begin Issuance Of Creative Industry Intervention Fund   The Bankers Committee of the Central Bank of Nigeria on Thursday said it was set to commence the disbursement of funds under the Creative Industry Financing Initiative The decision to commence the disbursement of funds under the initiative...

Banks, Others To Pay Shareholders N578.114bn Dividends Fifty companies, including banks, listed on the Nigerian Stock Exchange have issued dividends to their investors, although the payments were described as low by some shareholders. A total of N578.114bn dividends has so far been declared for payment to...

Banks Get N638.89bn Pension Funds From PFAs Pension Funds Administrators (PFAs) have invested N638.89bn pension funds in the banking industry as of the end of January 2019, according to the latest figures from the National Pension Commission. PenCom revealed that the total assets under management of...

CIBN Partners Banks On Financial Inclusion   The President, Chairman of Council, Chartered Institute of Bankers of Nigeria (CIBN), Dr Uche Olowu, says the institute is collaborating with banks to promote capacity building, ethics and professionalism in the sector. A statement disclosed that Olowu said this while...

Banks’ Non-performing Loans Rises To N8.17trn   The banking sector recorded a total amount of N8.17trn as non-performing loans in the 2018 fiscal period. The figure is contained in the banking sector report obtained by our correspondent from the National Bureau of Statistics. The banking sector’s N8.17tn NPLs...