banking system. Archives - DAILY TIMES Nigeria

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Reps to investigate merits, demerits of non-interest banking system

Ihesiulo Grace 11 December 2020 0

The House of Representatives on Thursday mandated its Committee on Banking and Currency to analyse the merits and demerits of adopting a non-interest banking system in Nigeria. This was sequel to the adoption of an amendment raised by House Minority Leader, Rep. Ndudi Elumelu (PDP/Delta) during

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NPL drops as banking liquidity position hikes by 267% to N587.21bn

Ihesiulo Grace 17 February 2020 0

…Industry NPL ratio stables at 6.1% The Central Bank of Nigeria (CBN) has disclosed that the net banking system liquidity position rose by 267 per cent from N160.03 billion on December 31, 2018, to N587.21 billion in December 31, 2019. This extract is from the personal statement of January Monetary Policy Committee (MPC) meeting which […]

Business

Depositors’ funds in Access, Zenith bank hit 5.07trn in 2016

Ihesiulo Grace 10 May 2017 0

On the heels of macro economy challenges that include hike in inflation rate, Zenith Bank Plc and Access Bank Plc generated a whopping N5.07 trillion through customers deposit in 2016. Both financial institutions deposit from customers had closed 2015 at N4.2 trillion, representing a growth of 19.6 per cent from N5.07 trillion generated in 2016. […]

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