Banks race to improve deposits as CBN’s 60% LDR directive elapses in 2 weeks
In the wake of an approaching deadline towards meeting the Central Bank of Nigeria’s (CBN) directive on loans, Nigerian banks
Banks’ impairment charges down by 34% to N86bn in six months
Banks’ provision for loan losses have improved significantly as it reduced by 34 percent in the six months ended June 30, according to
Nine banks increase loans to customers by N952bn
Nine of the nation’s deposit money banks boosted their loan books in the first half of 2019 as credit to customers rose by at least
Brexit: Banks to move €1.3trn assets to eurozone –ECB
A European Central Bank official has revealed that about 1.3 trillion euros ($1.44 trillion) worth of assets will be moved from London
‘Banks to begin offsetting loan defaults with deposit in other banks’
Nigerian bankers have agreed that henceforth, loan defaulters will have to forfeit their assets in other bank accounts. The forfeited
Banks’ software investment rises 55% to N120bn
The investment of 10 Nigerian Deposit Money Banks in software, which has accrued over the years, reached N120bn as of December 31,
Banks jostle to unlock N1.5trn for real sector lending
Commercial banks are positioning themselves to attract more customers in the small business segment of the market as the deadline
3,891 debtors owe banks above N1bn each
About 3,891 firms and other debtors have taken individual loans above N1bn, totalling N13.19tn of loans in the banking sector. Latest
Banks suffer N100bn bad loans in power sector
A total of N100.42bn loans advanced by the nation’s banks to power firms have been recorded as non-performing, the latest data from
Money laundering: FATF to screen banks, BDC, others
The global body that sets standard for anti money laundering (AML/CFT) efforts, the Financial Action Task Force team, will assess