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NIGERIAN BANKS
News and stories about Nigerian banks
Eleven Nigerian banks listed on the Nigerian Exchange collectively earned N307.472 billion from electronic-business transactions in 2022.
The Head of Financial Crime Risk Management at FACCTUM, Chrisol Correia, has said that Nigerian banks will have to invest in the latest risk compliance technologies to exit the Financial Action Task Force (FATF) Grey List.
Nigerian banks recorded a total of 19,314 cases of fraud in Q3 2022, a report by the Financial Institution Training Centre (FITC) has revealed.
The rating agency, Moody downgraded Nigeria's bank long-term deposits over worries that it is exposed to deteriorating government debts.
One of the banks earned a whopping N28.1 billion
MDs/CEOs of six listed Nigerian banks received an aggregate sum of N821 million as remuneration in the first half of 2022, a 17.4% increase compared to N699 million earned in the corresponding period of 2021
Thirteen listed Nigerian banks paid the N291 billion as wages and salaries to their staff in the first half of the year, an 11.8% increase, compared to N260.36 billion recorded in the corresponding period of last year
Nigerian Banks total assets increased to N65.48 trillion in June 2022, indicative of a 22.07% uptick compared to the N53.64 trillion seen in June 2021.
Nigerian banks' borrowings from the Central Bank of Nigeria's Standing Lending Facility (SLF) increased to N737.05 billion in May 2022.
Nigerian banks and the organised private sector (OPS) have called on the Central Bank of Nigeria (CBN) to increase foreign exchange allocation to the real sector.
The organised private sector has noted that an increase in fuel price will have a ripple effect on the masses as regards, transportation costs, hike in food prices, among others.
The CBN has stated that the total assets of the banking industry grew by 20.97% from N53.17 trillion in April 2021 to N64.32 trillion in April 2022.