May 8, 2024 By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Wednesday extended the suspension of processing charges on cash deposits above specified thresholds for both individuals and corporates until September 30, 2024. This is contained in a circular signed by the Acting Director of Banking […]
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Private Sector Credit Extension (PSCE) Increased to N71.2trn in March 2024
May 8, 2024/FBNQuest Research The most recent data from the Central Bank of Nigeria (CBN) shows that private sector credit extension (PSCE) increased by +66% y/y to N71.2trn at the end of March 24. This marks a deceleration compared with the growth of 94% y/y recorded in the previous month. […]
Insurance Premiums Rise to N1.0trn in Q4 2023
May 7, 2024/FBNQuest Research The most recent update from the National Insurance Commission (NAICOM) reveals that the premium income growth generated by the insurance sector sustained its upward trajectory. According to the data, the industry’s gross premium increased by N274.1bn or (+38% q/q) to N1.0trn in Q4 ’23. In terms […]
