NIBSS: Cashless Transactions Hit N117.33tn In Four Months, Rise By 44% The Nigeria Inter-Bank Settlement System data shows that cashless transactions rose by 44 per cent year-on-year to hit N117.33tn in the first four months of 2022. According to the report, from January 2022 to April...

Nigerians Spent $221m On Foreign Education In Three Months – CBN   An analysis of data obtained from the Central Bank of Nigeria (CBN) showed that Nigerians spent at least $220.86 million on foreign education between December 2021 and February 2022. This is according to the CBN...

Forex Supply Shrinks As Dollar Reaches N600 At Parallel Market   The dollar exchanged at N600 on Monday at the parallel market, raising fears of further devaluation of Naira. On Monday, however, the rate at the Importers and Exporters Window was N415.75, making the spread to N184.25. According...

Nine Banks’ Non-performing Loans Rise, Now N814bn   The aggregate Non-performing Loans of nine banks increased to N814.08bn in 2021, representing a 3.16 per cent increase from the N789.14bn reported. The nine banks are Access Holdings Plc, Zenith Bank Plc, Wema Bank Plc, FCMB Group, Union Bank...

In 12 Months, Banks Attracted N6.69trn New Deposits - CBN   The value of new cash deposits attracted by banks to their vaults in the last one year rose to N6.69 trillion, the Central Bank of Nigeria (CBN) said at the weekend. The apex bank’s Deputy Governor,...

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...