Bank Deposits Rise to N43tn in 2022 The Central Bank of Nigeria Monetary Policy Committee report has shown that deposits by Nigerian banks rose by N6.92tn from N36.13tn as of the end of October 2021 to N43.05tn in the corresponding period of 2022. The Deputy Governor,...

CBN Says Non-performing Loans Are Declining But Remain Above Benchmark             The non-performing loans in the banking sector slightly declined from 5.8 per cent in May to 5.7 per cent in June, showing more resilience in the banking sector. The Central Bank of Nigeria disclosed this in...

Vulnerable Borrowers Received 37.72% Of Bank Loans – CBN       Vulnerable borrowers benefitting from the Central Bank of Nigeria’s COVID-19 forbearance hold about 37.72 per cent of the entire banking industry loan portfolio as of April. A member of the Monetary Policy Committee, Robert Asogwa, said this...