Banks Shouldn’t Lend To States Without Our Approval – FRC       The Fiscal Responsibility Commission said on Sunday that no Deposit Money Bank should lend money to any state without the approval of the commission. The FRC said this was in line with the provisions of the...

PoS, Mobile Transactions Decline In August       The volume and value of transactions through Point of Sale (PoS) terminals and Mobile Interscheme transfers (Mobile phones) declined in August. Analysis of the current Electronic Payment Channels data from Nigeria Interbank Settlement System (NIBSS) showed that the volume of...

FG Apologises For Asking All Bank, Other Account Holder To Re-register       The Federal Government has apologised for asking all account holders in the country’s financial institutions to register their details again. Economic Confidential reports that the FG earlier asked all account holders in banks, including insurance...

Bank Loans To Real Estate Operators Now N666.73bn       The total loans by banks to operators in the real estate sector rose to N666.73bn as of the end of second quarter of 2020 from N651.62bn in the first quarter of 2020. The National Bureau of Statistics disclosed...

Banks Recorded N263.78trn e-transactions In Q2 – NBS       Total volume of 2,160,436,659 transactions valued at N263.78tn were recorded in the first six months of 2020 as data on electronic payment channels in the Nigeria banking sector show. The National Bureau of Statistics disclosed this in its...

14 Banks Gross N1.2trn Revenue In 6 Months     Fourteen Deposit Money Banks (DMBs) listed on the Nigerian Stock Exchange have recorded N1.187 trillion gross revenue for the first six months of 2020. They had earned N1.114tn in the corresponding period of 2019. Despite the effects of the...