Loan to Deposit Ratio

Nigeria's private sector received N80.86 trillion in credit from the banking industry in February 2024, a 93.66 per cent Year-on-Year growth from N41.75 trillion reported in February 2023, the latest data from the Central Bank of Nigeria…

Nigeria external reserves jumped to US$36.23 billion in January from the November 2020 figure of $34.94 billion representing N1.29 billion increase on the back of partial global economic and rally in the prices of oil. Most importantly,…

The Loan to Deposit Ratio (LDR) policy of the Central Bank of Nigeria (CBN) took a toll on the Nigerian banking sector in 2020, forcing its deposits with the apex bank to dip by a whooping N4.41 trillion by December 31, InsideBusinessNG can…

Banks’ non-performing loans stood at N1.2trillion as of the end of June according to figures obtained from the Central Bank of Nigeria (CBN) on Monday. This amounted to about 6.4 per cent of the gross credit of the banks to the…

AMINA HUSSAINI, Abuja In response to the Coronavirus pandemic that has left the global economy spiraling, Nigerian Central Bank, (CBN) Monday announced a six-points stimulus that will see a cut in interest rates from 9 to 5…

UMORU ABDULKADIR In a bid to control rising inflation and curb the level of liquidity in the country, the Central Bank of Nigeria (CBN) Friday at the end of its first Monetary Policy Committee (MPC) for the year, increased the…

UMORU ABDUL KADIR The Central Bank of Nigeria (CBN) has said that it would further raise the banks’ Loan to Deposit Ratio (LDR) which currently stands at 65 per cent to 70 per cent by the year 2020. This was according…