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CBN Cuts DMBs Loans-to-Deposit Ratio To 50%

The Central Bank of Nigeria (CBN) has announced a scale down of the Loans to Deposit Ratio, (LDR) by 15.0 points to 50per cent, reversing previous threshold set by the past CBN administration in January 2020. The move CBN is to improve banks lending to the real sector. This significant policy adjustment, effective immediately, is a strategic…
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Kano Court Confirms Ganduje’s Suspension

A Kano State High Court has granted an exparte order restraining the National Chairman of All Progressives Congress (APC), Abdullahi Umar Ganduje from parading himself as a member of the party. The court also ordered, that henceforth, Ganduje should desist from presiding over all affairs of the National Working Committee (NWC) of APC. The…
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ETI Repays $500m Eurobond

Ecobank Transnational Incorporated's (ETI) said it has successfully repaid its maturing $500 million…

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