Banks’ Total Assets Rise By N6.97trn In A Year       The total assets in the banking sector rose by N6.97tn between April 2020 and April 2021, according to the Central Bank of Nigeria. Despite the effect of the COVID-19 pandemic, the assets rose from N46.2tn to N53.17tn...

Credit To Private Sector Rises To N31.822trn       Banking sector credit to the private sector increased year-on-year by N382 billion to N31.823 trillion as of April, up from the N31.440 trillion it was as at the end of March. The data were compiled from the latest Central...

Banking Sector Recorded N356.47trn e-transactions In Q4, 2020 – NBS     A total volume of 3.46 billion transactions valued at N356.47tn were recorded in the fourth quarter of 2020 as data on electronic payment channels in the Nigeria banking sector. The National Bureau of Statistics disclosed this...

Banking Sector Lost N5bn To Fraud In Nine Months - NIBSS       The Nigeria Inter-Bank Settlement System Plc has said that more than N5bn was lost as a result of fraud in the banking sector between January and September 2020. It disclosed this in its NIBSS Insight...

Analysts Predict 8% Loan Growth For Banks In 2021       Analysts at CSL Stockbrokers Limited have predicted an eight per cent loan growth for the Nigerian banking sector in 2021. The Lagos-based firm stated this in a report on its 2021 outlook titled: “Surviving Amidst Uncertainties.” The firm...

Despite COVID-19, Banks’ Non-performing Loans Drop       Against the backdrop of the economic impact of Coronavirus (COVID-19) pandemic, the value of non-performing loans, NPLs, in Nigeria’s banking industry rose marginally by 3.0 percent to N1.21 trillion in the second quarter of 2020 (Q2’20) from N1.18 trillion...