Inter-bank lending rates eased further last week to an average of 10.75 per cent, from 11 per cent recorded the previous week, as cash from mature bonds and bills hit the market and unattractive yields on treasury bills limited central bank mop-up efforts. Dealers said about N81bn ($512.33m) in mature […]
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Bank lending fell by 2.7% in Q2 – CBN
Aggregate net credit by banks to the domestic economy fell in the second quarter by 2.7 per cent to N13.31tn, as against the marginal decline of 0.1 per cent at the end of the preceding quarter. Latest report released by the Central Bank of Nigeria showed that the decline in […]
GTBank Plc H1 2012 Earnings Update
The eagerly awaited H1 2012 audited result for GTBank was released on the floor of the Nigerian Stock Exchange. The bank reported Gross Earnings of N106.1bn for H1 2012, 25.2% higher than the N84.8bn reported in H1 2011(this figure is re-stated from N91.8bn). PBT and PAT recorded remarkable year-on-year growth […]
