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...

Banks Cut Borrowing From CBN By 46% To N1.3trn   In apparent reflection of the improved liquidity in the interbank money market, banks’ borrowing from the Central Bank of Nigeria, CBN, fell by 46 per cent, month-on-month, MoM, to N1.3 trillion in January. On the other hand...

PFAs Invest Additional N693bn Pension Funds In Banks   The Pension Fund Administrators invested N693bn funds under the Contributory Pension Scheme in banks in nine months, according to data from the National Pension Commission. PenCom’s unaudited report on pension funds industry portfolio for the period ended September...

In Four Years, AMCON Gulped N654bn From 12 Banks As Sector Resolution Funds   With the growing assets due to business expansions, among other factors, Assets Management Corporation of Nigeria (AMCON) between 2020 and 2017 has collected N6654billion from 12 banks operating in the country. The 12...

TSA: FG Compiles List Of Erring Banks, MDAs For Sanction   In addition, the federal government has ordered all banks still holding on to government funds “to transfer all remaining balances in the accounts of Federal Government owned MDAs in their custody without express exemption to...

Banks Record N1.3trn Non-performing Loans – CBN     Banks recorded non-performing loans of N1.3tn as of November which is still currently above the industry benchmark, according to the Central Bank of Nigeria. Figures obtained from the CBN on Monday showed that the bad loans represented 5.4 per...