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CBN
CBN explained that the current dispute between banks and Telcos over non-payment of accumulated USSD debt is due to technical issues regarding definition of a successful transaction from their perspective.
Delay in disbursing N1 trillion seed capital for InfraCorp, Nigeria's public-private infrastructure company, is delaying its takeoff.
The race for digital transformation in Nigeria's leading banks picked up in 2022, with at least N42.4 billion incurred during the year as IT expenses compared to N43.9 billion spent in the corresponding year of 2021.
The Senate approved President Buhari's request to restructure N22.7trn loans taken by the Federal Government from the CBN under the 'Ways and Means provision.'
Mohammed Mustapha Bintube and Muhammad Hadi Abdulmutallab have been appointed as Non-Executive Directors of Jaiz Bank Plc
Access Bank has the largest loan to customers with N5.1 trillion as of December 2022.
The economists warned that the approval could further increase Nigeria's debt profile, scare lenders, and lead to difficulty selling bonds to the public at a 9% interest rate over 40 years.
Electronic payment efforts have culminated in a significant increase in the total volume of transactions and electronic payment
GTCO said its fintech unit, Squad, achieved a milestone of crossing N200 billion transactions in January 2023.
SunTrust Bank Nigeria Limited declared a Profit Before Tax of N1.5bn for FY 2022, a 195.6% growth from the previous year.
The apex bank also appealed to Nigerians to embrace digital currency to enhance its cashless policy.
CBN's ban of 41 items, including vitrified and ceramic tiles, has propelled the local tile manufacturing market.