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 debate on a motion by Rep. Kabir Tukura (APC/Kebbi) […]
…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 […]
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. […]