Banks’ consumer loans surges 5.6% to N2.45trn in February 2023
Cynthia Ezekwe
June 12, 2023
By Cynthia Ezekwe Banks’ consumer loans rose for two consecutive months in January and February, to N2.45 trillion in February
Debt recoveries, write offs, others boost banks’ assets, non-performing loans down to N1.2tn
Businessam StaffJuly 28, 2020
The various prudential rules laid down for banks by the Central Bank of Nigeria are producing the desired results as the portfolio of
Banks write off N1.9tr bad loans — Agusto Ratings
Businessam StaffJuly 27, 2020
Loans totaling N1.9 trillion considered to be bad loans were written off by banks in the country in the last four years, a report by
Buhari writes House, seeks approval for $5.513bn loan
Businessam StaffMay 28, 2020
President Muhammadu Buhari has written to the House of Representatives to request for the approval of fresh external borrowings
Borrowers groan as MfBs demand loan repayment
Businessam StaffMay 15, 2020
Some borrowers from microfinance banks have decried their exemption from loan tenor extension in the banking industry, which some
Banks’ non-performing loans decline by N1.14tn
Businessam StaffDecember 4, 2019
Between the third quarter of 2018 and the third quarter of this year, the Non-Performing Loan portfolio of the banking sector dropped
CBN raises banks’ LDR to 65 percent as credit grows
Businessam StaffOctober 1, 2019
The Central Bank of Nigeria has raised the loan to deposit ratio of banks to 65 percent, after the September 30 deadline given to the
Credit Access: Poor identity management remains greatest barrier in Nigeria – Sekibo
Businessam StaffSeptember 22, 2019
Ifie Sekibo, the managing director of Heritage Bank, has identified poor identity management as the greatest hinderance to boosting
Lagos, Access Bank introduce N10bn loan programme for women-owned businesses
Businessam StaffSeptember 5, 2019
The Lagos State Employment Trust Fund (LSETF) government in collaboration with Access Bank has launched LSETF W Initiative to empower
HSBC to cut fees, offer rebates to boost struggling Hong Kong firms
Businessam StaffAugust 28, 2019
HSBC said on Wednesday it will offer rebates and fee reductions for small and medium-sized companies in Hong Kong, as the city’s