None of the 22 commercial banks operating in Nigeria is among the top 280 international banks in the world, a new study by the United Kingdom-based The Banker magazine, has indicated. The ‘2013 Top 1000 World Banks Ranking’, an annual report by The Banker magazine of the Financial Times Group, […]
Tag: Nigeria
External reserves drop to $47bn
The nation’s external reserves have dropped to $47bn, after being stagnant at $48bn for over three months. Data obtained from the Central Bank of Nigeria’s website on Wednesday showed that the reserves dropped to $47.6bn on Tuesday. The reserves, which hit the $48bn mark on March 11, 2013, had since […]
Nigerians Excluded From Financial Systems Drop to 39.7%
The Central Bank of Nigeria (CBN), on Wednesday, said its various efforts at capturing more of the population into the formal financial system are gradually yielding fruits. According to the apex bank, the number of Nigerians outside of the formal sector dropped to 39.7 from 46.3 per cent between 2010 […]
