By Esther Agbo As the Nigerian banking sector navigates the twin challenges of recapitalization and economic volatility, notable institutions like Sterling Bank and Stanbic IBTC have recorded year-to-date (YTD) returns of 22.67 percent and 18.16 percent, respectively, reflecting a downward…
By Esther Agbo To address public concerns over the stability of Nigeria’s banking sector, the Central Bank of Nigeria (CBN) has reassured Nigerians of the safety and security of their deposits. This reassurance comes amidst rising speculation about the health…
The Chartered Institute of Bankers of Nigeria (CIBN) has appealed to Bank customers to refrain from spreading mistrust, noting that it can hinder the growth of the banking sector in Nigeria. The CIBN appeal comes amidst social media outcry on…
By Esther Agbo Banking sector deposits have surged to N136 trillion by the end of the first quarter of 2024, reflecting a substantial increase from the previous year’s total of N115 trillion, according to recent data from the Nigerian Exchange…
The total banking sector credit to the Nigerian economy more than doubled year-on-year rising to about N53 trillion at the end of the first quarter of 2024. This is according to the latest data from the Central Bank of Nigeria…
The banking sector in Nigeria has undergone significant transformations since the inception of President Bola Tinubu’s administration. The sector, which is a critical component of the nation’s economy, has witnessed notable reforms aimed at strengthening its resilience, enhancing its stability,…
By Matthew Denis The Nigeria Deposit Insurance Corporation (NDIC) remains committed to ensuring that those who contribute to the failure of banks are properly investigated and prosecuted. This is contained in a statement signed by the Director, Communication & Public…
By Sodiq Adelakun Amidst ongoing conversations about a fresh round of recapitalisation, the Central Bank of Nigeria (CBN) has released a statement affirming the robustness of the country’s banking sector. This announcement is particularly significant as it addresses the concerns…
…Disburses N1.49trn to agriculture programmes …9 DisCos get N33.45bn to drive National Mass Metering Programme …LCCI urges focus on foreign exchange policies By Kayode Tokede The Governor Central Bank of Nigeria (CBN), Mr. Godwin Emefiele on Tuesday disclosed that banking…
