Credit To Private Sector Increased To N43.07trn In Q1, 2023   Despite economic challenges, political tensions, fuel and naira shortages that slowed down business activities in Q1 2023, credit to the private sector hreached an all-time high of N43.07 trillion, with expectations of a further increase...

Despite Economic Challenges, Banking Sector Has Remained Resilient - CBN   Despite challenges in the economy, the Nigerian banking system has remained sound and resilient, according to the Central Bank of Nigeria (CBN). The CBN disclosed this in a statement by a member of the Monetary Policy...

CBN Report Reveals Economy Contracted In November   Economic activities contracted in November as the Purchasing Managers’ Index fell below 50.0, according to reports obtained from the Central Bank of Nigeria. The CBN stated in reports of members of the Monetary Policy Committee that there was need...

Banks’ Assets Total Rise By 21.58% To N69.67trn In Q3, 2022   The Central Bank of Nigeria (CBN) has revealed that banks’ total assets in the third quarter of 2022 rose by 21.58 per cent to N69.67 trillion as against N57.30 trillion recorded in October 2021. Deputy...

Nigerian Banks’ Assets Hit N66tn in a Year The Central Bank of Nigeria latest figures has revealed that Nigerian banks’ assets gained N10tn between August 2021 and hit N66.76tn in August 2022. The CBN disclosed in the personal statement of a member of the Monetary Policy...

Bank Assets Rise By 21% To N64.32trn   Nigerian banks’ total assets rose by N11.15tn in one year to N64.32tn as of the end of April. Figures obtained from the Central Bank of Nigeria revealed that the assets of the lending institutions had hit N53.17tn in the...