CBN slaps FCMB $46 mln fine for failing to meet loan requirement

Date:

LAGOS, Oct 3 – Nigeria’s FCMB said on Thursday it was charged 14 billion naira ($46 million) for failing to meet the central bank’s minimum loan-to-deposit ratio requirement by a September deadline, the lender told Reuters on Thursday.

Thank you for reading this post, don't forget to subscribe!

The mid-tier bank’s spokesman said the bank had reported loan growth in September and it expected to keep the momentum with a focus on asset quality.

Share post:

Subscribe

Popular

More like this
Related

Access Holdings to pay N1.80 as final dividend to shareholder

March 28, 2024. Azonuchechi Chukwu. Access Holdings has revealed plans to...

Police gun down two notorious bandits in Benue

March 28, 2024. Azonuchechi Chukwu. Men of Operation Zenda, a Joint...

Army declares eight wanted in connection with the k!lling of its officers in Okuama

March 28, 2024. Azonuchechi Chukwu. The Nigerian Army has declared eight...

Naira Appreciates Against Dollar at the NAFEM Window

March 28, 2024. Azonuchechi Chukwu. The Naira’s euphoric appreciation against the...
Social Media Auto Publish Powered By : XYZScripts.com

Discover more from Naija247news

Subscribe now to keep reading and get access to the full archive.

Continue reading