Equity, Banking Sectors Attract N31.96trn Capital Inflows In Six Years   Shares, banking and financing attracted the highest share of the N31.96 trillion ($87.96 billion) worth of investment inflows into Nigeria in six years. The Central Bank of Nigeria’s (CBN) guidelines show that capital importation can...

Banks’ Credit To Private Sector Now N25.47trn   Banking sector’s credit to private sector rose to N25.47trn in September, setting a new record for the year, a new report by the Central Bank of Nigeria has revealed. Analysts have said the 65 per cent Loan-to-Deposit policy of...

Banking Sector Attracted $1.89bn Investment In Q2, Says NBS   The banking sector of the Nigerian economy attracted a total of $1.89bn in the second quarter of 2019. A report on capital importation released by the National Bureau of Statistics (NBS) showed that the banking sector...

Stability In Banking Sector, Key To Economic Recovery ― MPC The Monetary Policy Committee of the Central Bank of Nigeria has said the stability of the banking sector is key to economic recovery. In a communiqué of the MPC meeting held on May 21 and 22,...

The Nigerian banking sector’s profit fell by 28.4 per cent in the 2015 financial year, the just released Afrinvest 2016 Banking Sector Report showed. The report, released in Lagos on Wednesday, indicated that foreign exchange volatility and lower oil price led to a major decline...

A natural consolidation in form of mergers and acquisitions is likely in the Nigerian banking sector, economic and financial experts have predicted. They said with the myriads of challenges facing the nation’s economy, some banks were likely to experience some challenges that could only be...