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Blue Update

BANKS INCREASES LENDING RATE TO 30 %.

Customers are paying more on loans and getting less on deposits from commercial banks, a Central Bank of Nigeria (CBN) report has said. They paid between 15.01 per cent and 30.70 per cent on borrowed funds but the interest paid on their term deposits dropped by 1.46 per cent to 6.27 per cent, the CBN’s […]

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Blue Update

10 BANKS EARN N22bn ON ACCOUNT MAINTENANCE CHARGE. [ see list]

A thorough computation of Bank’ earnings from account maintenance charges, for 10 out of the 14 listed banks on the Nigerian Stock Exchange (NSE) amounts to N22 billion compared to N19.1 billion in Q1: 2019 The current year has seen a surge of N2.9 billion amounting to an increase of 13.2 percent year on year […]