Banks Rake In N4.8trn Profit In 1 Year Despite Challenges
Despite rising inflation and other economic challenges, seven deposit money banks in the country nearly doubled their profits in 2024, ...
Tag: nigerian banks
Trust Deficit In Banks
Recently, the Ikeja Special Offences Court sentenced a Nigerian banker to four years and two months in prison. This ruling ...
AFTER SYSTEM UPGRADES…Bank Customers Lament Persistent Failed Transactions
Bank customers are reportedly groaning under the strain of numerous failed transactions within the banking system. While some unresolved issues ...
Banks Extend N2.3trn To Private Sector In July
Bank credits to the private sector rose by about N2.3 trillion between June and July 2024, underlying the resilience and ...
Bank Lending Dips As Interest Rate Soars To 60%
The impact of high interest rates has seen the banking industry credit to the private sector decline in the month ...
CBN Releases List Of Licensed Deposit Money Banks In Nigeria
The Central Bank of Nigeria (CBN) has published a comprehensive list of licensed Deposit Money Banks operating across the country, ...
Nigerian Banks Face Near-term Credit Risks From Regional Expansion – Fitch
International rating agency, Fitch Ratings has said, Nigerian banks will face near-term execution and credit risks from their presence in ...
Banks Deny Hoarding Cash, Say N100bn Invested In IT Infrastructure
Deposit Money Banks (DMBs) have spurned claims by some Nigerians, including the damning verdict passed on them by President Muhammadu ...
Interest Rate Hike: Banks Risk Losses To Higher Non-performing Loans
Non-Performing Loans (NPLs) in the Nigerian banking industry is expected to rise as the hike in Monetary Policy Rate triggers ...
Mass Resignation Of Software Engineers Disrupts Banks Digitisation Move
The mass resignation of software engineers in most commercial banks across the country for greener's pasture abroad, is currently threatening ...
