Nine Banks’ Non-performing Loans Rise, Now N814bn   The aggregate Non-performing Loans of nine banks increased to N814.08bn in 2021, representing a 3.16 per cent increase from the N789.14bn reported. The nine banks are Access Holdings Plc, Zenith Bank Plc, Wema Bank Plc, FCMB Group, Union Bank...

Bank Loans To Govt Rise To N16.32trn – CBN   The total net credit by the Nigerian banking sector to the government rose by N2.2trn in the first quarter ended March 2022 to N16.32tn. Figures obtained from the Central Bank of Nigeria’s data on ‘Money and credit...

In Seven Months, Cash-strapped Banks Borrowed N9.17trn From CBN   Deposit Money Banks and merchant banks have borrowed the sum of N9.17tn from the Central Bank of Nigeria through its Standing Lending Facility window within a period of seven months, according to figures obtained from the...

Banks’ll Increase Credit To Economy In 2022 - CBN   The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said the banking sector will increase access to finance and credit for households in 2022. Emefiele said this recently in Lagos, according to a statement on...

AMCON: Sinking Fund And Drive For Stability In The Banking Sector, by Abubakar Yusuf       Asset Management Corporation Of Nigeria AMCON was established by the Central Bank through an act of the National Assembly to address the growing crises in the financial sector particularly Banks in...

CBN Moves To Enhance Transparency In Banking Sector       The Central Bank of Nigeria has directed banks and payment service providers to separate all transactions that would typically be categorised as bulk payment upon transition. The CBN said in a circular on Wednesday that the directive was...