Nigerian Banks Are Buoyant, CBN Assures
The Central Bank of Nigeria (CBN), has assured the banking public that Nigerian banks are buoyant.
The CBN said this in a statement issued by its Acting Director, Corporate Communications, Mrs Hakama Sidi Ali.
Ali’s statement was informed by reports in...
EXCLUSIVE: How 36 Governors Borrowed N2.2trn From Nigerian Banks
Amid worsening revenue challenges, state governments’ indebtedness to commercial banks has risen to N2.2trn.
The latest data from the quarterly statistical bulletin of the Central Bank of Nigeria, obtained by our correspondents, showed that states and LGAs...
Top Ten Banks Pay N260.3bn As Income Tax
Ten top commercial banks listed on the Nigerian Exchange Limited have paid N260.3 billion as Company income tax (CIT) in 2022, representing a 28 percent increase over the N203.06 billion they paid in 2021.
This was disclosed by...
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...
