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Nairaland Forum / Nairaland / General / Business / NDIC Raises Alarm On Impending Loom In The Banking Sector!!! (21383 Views)
FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom / About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC / NDIC Shuts Down 42 Microfinance Banks (2) (3) (4)
Re: NDIC Raises Alarm On Impending Loom In The Banking Sector!!! by pawesome(m): 3:15pm On Jun 13, 2018 |
Jabioro:yes...we will SURVIVED 2 Likes |
Re: NDIC Raises Alarm On Impending Loom In The Banking Sector!!! by Just2endowed2(m): 3:15pm On Jun 13, 2018 |
Now a days, Banks are not allowed to fold up. To brink sanity and protection of deposit funds, Govt buy the liabilities of the bank or simply buy the bank and appoint new directors till books are balance and in turn, the govt sell the bank again. Era of Bank failure has ended and we are not in the 90s again. So no pannick Its just that CBN had made banks to be so lazy that they now depends on deduction from customers saving account to make huge profit and they have abandon the critical sector that need money. 1 Like 1 Share |
Re: NDIC Raises Alarm On Impending Loom In The Banking Sector!!! by israelmao(m): 3:16pm On Jun 13, 2018 |
Drifting towards another bailout? |
Re: NDIC Raises Alarm On Impending Loom In The Banking Sector!!! by Gidigbamm: 3:28pm On Jun 13, 2018 |
planetx13: If you have sent an email, the details must have been sent to your email. |
Re: NDIC Raises Alarm On Impending Loom In The Banking Sector!!! by Kobicove(m): 3:34pm On Jun 13, 2018 |
Intrepid01: The CBN Governor already has the legal backing to sanction any erring bank, the main question is if he has the will power to do so? |
Re: NDIC Raises Alarm On Impending Loom In The Banking Sector!!! by kuuljay(m): 3:37pm On Jun 13, 2018 |
My 3k 1 Like |
Re: NDIC Raises Alarm On Impending Loom In The Banking Sector!!! by Intrepid01(m): 3:59pm On Jun 13, 2018 |
Kobicove: Which is the clout I was referring to....knowing that the guy na former banker |
Re: NDIC Raises Alarm On Impending Loom In The Banking Sector!!! by eodavids(m): 4:29pm On Jun 13, 2018 |
Intrepid01: I also wish that they had mentioned some or all of those banks that stand bigger risks of collapsing... |
Re: NDIC Raises Alarm On Impending Loom In The Banking Sector!!! by Intrepid01(m): 4:43pm On Jun 13, 2018 |
eodavids: Naa that would be dangerous to the economy. With the provided report by NDIC, CBN can proceed to investigate and sanction erring banks. 1 Like |
Re: NDIC Raises Alarm On Impending Loom In The Banking Sector!!! by nkul: 5:05pm On Jun 13, 2018 |
have they told the President? |
Re: NDIC Raises Alarm On Impending Loom In The Banking Sector!!! by FairAdvocate(m): 5:34pm On Jun 13, 2018 |
emeijeh:No... but it will be a cream for the young man to give the window organism |
Re: NDIC Raises Alarm On Impending Loom In The Banking Sector!!! by einsteine(m): 5:42pm On Jun 13, 2018 |
enemyofprogress: No, it's a lotion. |
Re: NDIC Raises Alarm On Impending Loom In The Banking Sector!!! by beadaholic(f): 7:38pm On Jun 13, 2018 |
enemyofprogress: No, it's a SOAP |
Re: NDIC Raises Alarm On Impending Loom In The Banking Sector!!! by debaj10: 8:57pm On Jun 13, 2018 |
flexyrule:guy, u don mis am o. CBN can only guarantee 50-150k of each deposit. if banks go down, many hundreds of thousands will go down. remember mainstreet and Skye banks? new names for old, failed banks. recall what happened to depositors and shareholders? and in a weak economy, a domino effect is quite possible, leading to thousands of businesses folding up. guy, IMF warned, kemi said, gerarahia. now, ndic and emefiele are scared. we should be screaming at everyone in govt- and at each other- to tackle this immediately. but as #lazynigerians, we'll wait until it's a runaway train. 1 Like |
Re: NDIC Raises Alarm On Impending Loom In The Banking Sector!!! by tablesturn: 9:58pm On Jun 13, 2018 |
A word is enough for the wise. If you have money in HERITAGE BANK, you are on your own... 1 Like |
Re: NDIC Raises Alarm On Impending Loom In The Banking Sector!!! by flexyrule(m): 10:18pm On Jun 13, 2018 |
debaj10:Hmmmmm. who keep money in the bank these days? When there is real estate, forex, cryptocurrency trades and other more profitable businesses around. |
Re: NDIC Raises Alarm On Impending Loom In The Banking Sector!!! by deleo16(m): 10:55pm On Jun 13, 2018 |
Just2endowed2: |
Re: NDIC Raises Alarm On Impending Loom In The Banking Sector!!! by debaj10: 12:02am On Jun 14, 2018 |
flexyrule:the purpose of banks in an industrial economy is to stimulate real sector growth. that's MSMLE's. in a mainly preindustrial economy like ours, with a weak currency and very slow growth, the businesses you mentioned are for the 0.5% of the population. everyone else is done for when banks crash. every property built before 2016 lost over 50% of their value. every company lost the same in 2016 with the devaluation. the solution to all this nonsense is for the CBN to penalise banks who fail to increase their SME loan books each month and reward those who do; engage in partnerships with banks of industrialized economies to train our bankers on effective loan processes; connecting with the unbanked through effective mobile money. While govt suspends duties on machinery imports, gives land grants and focuses on the power and agric sectors- power: massive importation of renewable energy production lines; massive IPP for rural electrification; multilateral biogas facility development; longterm state/national gas pipeline projects. agric: value chain development; export promotion for micro-enterprises and smallholder farmers; storage, transportation and processing facilities development; govt buyback guarantee for all value chain products. who go tell dem? 1 Like 1 Share |
Re: NDIC Raises Alarm On Impending Loom In The Banking Sector!!! by aujile(m): 12:59am On Jun 14, 2018 |
enemyofprogress:. No...it is a soap for a young man to marry a door...Apari |
Re: NDIC Raises Alarm On Impending Loom In The Banking Sector!!! by prince13: 3:53am On Jun 14, 2018 |
Truth be told,we have a CBN governor who is a weakling and a banker who also benefits from the ruts and corruption eating up the banking subsector. Charles Soludo and Sanusi Lamido sanitized the banking sub-sector during their tenure,what we have there right now is a round peg in a square hole and it beats my imagination why Buhari has not dim it fit to replace this man these while. Intrepid01: |
Re: NDIC Raises Alarm On Impending Loom In The Banking Sector!!! by Intrepid01(m): 5:38pm On Mar 04, 2021 |
Hello Lekiboboe, I am planning to apply for study visa very soon. I have my written SOP and would like you to help me vet it for your opinion on what I could do better. I would appreciate if you can be of assistance. Thank you so much. 1 Like 1 Share |
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