Image Credit: EBRD December 6, 2023/EBRD By Svitlana Pyrkalo NPL ratios declined to an average of 2.2 per cent in June 2023 NPL stocks fell by 6.8 per cent on average Write-offs, restructuring and recovery are more effective than selling distressed debt Bad debt, also known as non-performing loans (NPLs), […]
Money Market
Deposit Money Banks Total Credit Extension to the Economy Increased to N38.3bn in July 2023
December 5, 2023/FBNQuest Research The Central Bank of Nigeria’s (CBN) most recent monthly economic report shows that deposit money banks (DMB) total credit extension to the economy increased to NGN38.3bn in Jul ’23 from NGN37.5bn in the previous month. On a y/y basis, their credit lending to the economy grew […]
CBN Announces Amendment of Regulatory Framework for BVN Operations, Watch-List for Nigerian Banking Industry
December 1, 2023/CBN As part of its effort in promoting financial system stability, it becomes necessary to strengthen the Know Your Customer (KYC) procedures in financial institutions under the purview of the Central Bank of Nigeria (CBN). Accordingly, the CBN hereby issues an amendment to Section 1.5.3 of the Regulatory […]
