Nigerian banks record N1.6trn ATM transactions in three months
The National Bureau of Statistics (NBS) has revealed that transactions valued at N1.6 trillion were recorded in Q2 2018 by banks…
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Banks’ lending to private sector declines by N600.60b in Q2 – NBS
The total loans granted by Nigerian banks to the private sector declined from N16 trillion in the first quarter of 2017 to N15.34…
Oil, manufacturing sectors got highest credits from banks in second quarter…
The oil and gas and manufacturing sectors got the highest credits from banks to the private sector at N3.45 trillion and N2.02…
CBN orders banks to offer loans to agric, manufacturers at nine per cent
The Central Bank of Nigeria (CBN) will be refunding Cash Reserve Ratio (CRR) to banks that fund projects in agriculture and…
Pandemonium in Edo as gunmen attack police station, two banks, kill 12
There was pandemonium on Thursday as suspected robbers killed twelve persons, including a policeman, during an attack on a police…
CBN explains why banks can’t lend at single digit interest rate
The Deputy Governor, Economic Policy, Central Bank of Nigeria (CBN), Dr Joseph Nnanna, on Thursday blamed the inability of Deposit…
Nigerian banks stop cash withdrawal from overseas ATMs
Commercial banks have suspended all cash withdrawals from overseas Automated Teller Machines (ATMs), except for customers whose…
Resolve USSD disputes in three days, CBN directs banks
The Central Bank of Nigeria, on Saturday, directed all commercial banks to resolve disputes arising from use of Unstructured…
Banks must seek Adeosun’s approval before lending to states –…
Investigations have shown that states will now have to depend on a formal approval by the Minister of Finance before their loan…
Nigerian banks lose N12.30bn to fraudsters in four years – NIBSS
The Nigerian Inter-Bank Settlement System (NIBSS), on Thursday, said the banking industry lost the sum of N12.30 billion to…