CBN Urges Banks To Digitise Services   The Central Bank of Nigeria has urged banks to digitise their services, adding that digitisation supports effective supervision of the financial system, data access and management. The Deputy Governor, Financial System Stability, CBN, Mrs Aisha Ahmad, said this during the...

CBN Raises Banks’ LDR To 65% As Credit Grows   The Central Bank of Nigeria has raised the Loan to Deposit Ratio of banks to 65 per cent, after the September 30 deadline given to the banks to meet its 60 per cent directive. The apex bank...

Banks Recorded N40.48trn E-transactions In Q2, 2019   A total volume of 711.29 million transactions valued at N40.48tn were recorded in second quarter of 2019 as data on electronic payment channels in the Nigeria Banking sector revealed. The National Bureau of Statistics disclosed this in its 2019...

Banks Non-performing Loans Stood At N1.44trn In Q2 - NBS   The total non-performing loans in the banking sector stood at N1.44trn at the end of the second quarter of 2019. This is about 9.3 per cent of the total loans in the sector. Latest statistics revealed...

Banks Fail To Account For Nigeria’s $7bn Reserves 13 Years After Collection   There are strong indications that a huge chunk of the $7bn reserves which the Central Bank of Nigeria under a former Governor Charles Soludo gave to 14 banks had yet to be repaid...

Nine Banks To Reduce Non-performing Loans To Meet CBN’s Threshold   A total of nine banks listed on the Nigerian Stock Exchange are reducing the size of their non-performing loans in an attempt to meet the five per cent threshold prescribed by the Central Bank of...