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...

Banks’ Credit To Private Sector Rises To N30.189trn     Banking sector’s credit to the private sector rose by N757 billion or 2.57 per cent to N30.189 trillion as of July 2020, compared with the N29.432 trillion it was at the end of June. Latest money and credit...

CBN Bans Special Treatment For Payment Service Banks       The Central Bank of Nigeria has prohibited parent companies or any other related entities of a Payment Service Banks from offering any preferential treatment, which negates fair competition, to its subsidiaries. This was contained in a circular to...

Banks Recovered N50.32m Bad Loans Within Nine Days – CBN     Director, Financial Policy and Regulation at the Central Bank of Nigeria, Mr. Kevin Amugo, says Nigerian banks recovered about N50.32m bad loans from debtors within nine days after the country commenced operations of the Global...