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CBN To Charge Banks $1.3 bln For Failing To Meet Loan Deadline

CBN To Charge Banks $1.3 bln For Failing To Meet Loan Deadline

Central Bank of Nigeria (CBN) plans to charge 12 banks a total of more than 400 billion naira ($1.3 billion) for failing to meet its minimum loan-to-deposit ratio requirement by a September deadline, three banking…

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Zenith Bank Boss Jim Ovia Loses $64m

Zenith Bank Boss Jim Ovia Loses $64m

Jim Ovia, founder and chairman of Zenith Bank has lost close to $64 million in paper net worth over the last 6 months as the stock price of his bank shed 33% in value within…

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Okorocha’s Govt Shunned TSA, Operated 250 Bank Accounts —Ihedioha

Okorocha’s Govt Shunned TSA, Operated 250 Bank Accounts —Ihedioha

Governor Emeka Ihedioha of Imo State has said that his predecessor, Rochas Okorocha, operated 250 bank accounts as opposed to the Treasury Single Account being implemented by the Federal Government and many other states. Ihedioha…

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