Tag: CBN

23 posts.

Gale Of Resignation At Etisalat Over Management Take Over By Banks

As we reported earlier A consortium of three Nigerian banks and their foreign counterparts Wednesday took over Etisalat Nigeria after the telecommunications company failed to pay a loan sum totalling $1.72bn (about N541.8bn) granted to it by the consortium in 2015. The three Nigerian banks are Guaranty Trust Bank, Access Bank and Zenith Bank. ‎As…

Updated

Despite Dollar Crash Building Materials Prices Remain High

Building materials prices remain high despite Dollar crash. Prices of building materials have remained unchanged in spite of the Naira appreciating in value at the foreign exchange market. Some said in interviews with the News Agency of Nigeria (NAN) in Abuja on Thursday said prices remained unchanged because they bought the goods when the exchange…

Updated

Cbn Sets To Publish Names Of Bank Debtors

Nigeria commercial Banks and discount houses operating in the country will this week publish the names of about 1600 customers whose loans have become non-performing reports The Punch. According to the Paper, this follows the expiration of the July 31, 2015 deadline set by the Central Bank of Nigeria for banks and discount houses to…

Updated