Banks’ Total Assets Rise By N16.65trn   The Central Bank of Nigeria (CBN) has revealed that banks’ total assets from April 2022 to April 2023 rose by N16.65 representing a 25.88 per cent adding that Industry credit also increased by N4.54 trillion during the period under...

Banks’ Assets Rise to N78tn in Q1 - CBN The Central Bank of Nigeria says the total assets of the Nigerian banking industry rose by 25.12 per cent in one year to N77.59tn as of the end of February 2023. This was disclosed in a statement...

Credit To Private Sector Increased To N43.07trn In Q1, 2023   Despite economic challenges, political tensions, fuel and naira shortages that slowed down business activities in Q1 2023, credit to the private sector hreached an all-time high of N43.07 trillion, with expectations of a further increase...

Banks’ Assets Total Rise By 21.58% To N69.67trn In Q3, 2022   The Central Bank of Nigeria (CBN) has revealed that banks’ total assets in the third quarter of 2022 rose by 21.58 per cent to N69.67 trillion as against N57.30 trillion recorded in October 2021. Deputy...

'38m Nigerian Adults Financially Excluded'       Thirty-six per cent of Nigerian adults, or 38 million adults, remained completely financially excluded at the end of 2020, according to a new report. Enhancing Financial Innovation & Access, in a survey titled ‘New data from EFInA’, said financial inclusion grew,...

CBN, Experts Urge Microfinance Banks To Boost Financial Inclusion         The Central Bank of Nigeria and financial sector experts have called for collaborative efforts among microfinance banks to promote the expansion of micro-insurance as a tool for deepening financial inclusion. They made the call at the sixth...