FG Delists Swiftkash, 36 Other Illegal Loan Apps The Federal Competition and Consumer Protection Commission’s new report says the number of delisted loan apps rose from nine to 37 in 2023. The number of fully approved loan apps also grew to 164 from 154 as of...

FG Fiscal Deficit Rises to N3.7tn in Q1 - CBN The Central Bank of Nigeria says the Federal Government’s fiscal deficit hit N3.68tn in the first five months of 2023. A report released by the apex bank on the personal notes of the Monetary Policy Committee...

BoI Assets Rises to N3.3tn in H1 – Report The Bank of Industry says it has recorded another historic milestone by achieving N3.3tn in total assets as of June 30, 2023. According to the bank, this represents a year-on-year growth level of 67 per cent on...

N400bn New Notes, N2.2trn Old Notes in Circulation - CBN Nigeria’s currency in circulation, which hit N2.60 trillion in June, might comprised N400 billion new notes and N2.2 trillion old bank notes. According to the latest data from the Central Bank of Nigeria (CBN), CIC rose...

Grant BDCs Digital Autonomy, ABCON Urges CBN The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria to grant Bureaux De Change operators (BDCs) digital autonomy to achieve exchange rate convergence. In a statement on Sunday, the President, ABCON...

Banks’ Bad Loans Hit N478bn   At least four banks recorded N478bn non-performing loans during the first half of this year, according to their financial results Specifically, Guaranty Trust Bank Holding Plc (GTCO), FBN Holdings Plc and two other banks reported N478.93bn non-performing loans by value in...