UPDATE: Nigerian Banks are Resilient, will Survive SBV's Collapse - Emefiele   The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, has been speaking to the healthiness of Nigerian banks against the backdrop of the recent collapse of the Silicon Valley Bank (SVB). Speaking to journalists after...

Moody Investors Downgrade Nine Nigerian Banks   An international rating agency, Moody’s Investors Service, has downgraded nine Nigerian banks following its downward review of Nigeria’s rating last week. The downgraded banks include: Access Bank Plc, Zenith Bank Plc, First Bank of Nigeria Limited, United Bank for Africa...

Banks’ Operating Expenses Rise By 19.2% On High Inflation, Regulatory Charges   Following a high inflation rate and regulatory charges, a total of 14 Nigerian banks reported N2.03 trillion total operating expenses in nine months of 2022, representing an increase of 19.2 per cent from N1.7...

Despite Macroeconomic Challenges, Eight Banks Report N176.11bn Profit   Despite global and domestic macroeconomic challenges, eight Nigerian banks generated a whopping sum of N176.11billion as profit in the half-year ended June 30, 2022, an increase of 34.66 per cent over N130.78 billion profit earned in the...

Banks Resilient, Record 6.8% Profit Growth In H1, 2021     Nigerian banks recorded 6.8 per cent growth in profit in the first half of 2021 as the sector strived to remain resilient during the COVID-19 pandemic, according to a new report. Afrinvest West Africa said this in...

In One Year, Nigerian Banks Lend Private Sector N4.1trn   The Nigerian banking sector’s credit to the private sector rose by N4.1tn or 13.8 per cent between September 2020 and September this year. The CBN’s money and credit statistics report showed that in September 2020, bank’s credit...