Nigerian Banks

Nigeria’s banking industry loan portfolio is expected to grow by 16.5 per cent in 2022, Agusto & Co Limited has said. The pan-African credit rating agency made the projection in its 2022 Nigerian Banking Industry Report, expressing…

The Debt Management Office (DMO) has announced that it will redeem Nigeria’s 6.75% USD500M Jan 2021 Eurobond which matures on January 28, 2021, according to a report posted on its Website. Funds have been made available by the Federal…

The Central Bank of Nigeria has said that any failed Nigerian Instant Payment (NIP) transaction not reversed into the customer’s account within 24 hours based on complaint of the sender and/or beneficiary will attract a fine of N10,000.…

Foreign investors have appealed to Nigerian banks to invest in the mining sector to boost the sector. Mr Abubakar Bwari, Minister of State, Ministry of Mines and Steel Development, disclosed this while declaring open the first edition of…

By ADEBISI ADEMOLA. Fitch Ratings has said in a new report that regulatory capital ratios for rated Nigerian banks are not under threat following the first-time application of International Financial Reporting Standard (IFRS) 9. Fitch in…

ADEBISI ADEMOLA Fitch Ratings, on Tuesday said, Nigerian banks’Eurobond offers mark a small steps toward reducing maturity mismatches between foreign-currency (FC) assets and liabilities. The quartet of Zenith, UBA, Access, and…

Four Nigerian banks are operating with too many non-performing loans on their books and with liquidity ratios below the minimum requirement, two members of the central bank monetary policy committee said in statements on the bank’s website.…

Nigeria's central bank has tightened restrictions on the flow of dollars to domestic lenders, forcing them to delay hard currency loan and trade repayments to foreign banks and increasing the risk of default, bankers say. Reeling from…