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    Banking institutions

    Moody’s Analysts see Egypt, Morocco, Sudan, Nigeria and Senegal emerge Africa’s next biggest Sovereign sukuk issuances

    Despite being home to a large Muslim population, Islamic banking has made little headway in Africa. However, the continent’s need for development finance could...

    31.7% youths lack access to bank loans for businesses-NBS

    By Folasade Akpan Abuja, Oct. 4, 2021 The National Bureau of Statistics (NBS) says that 31.7 per cent of youths in Nigeria lack access to...

    Fitch affirms Long-Term Issuer Default Rating of 6 Nigerian banks

    Fitch Ratings has affirmed Long-Term Issuer Default Ratings (IDR) of six Nigerian lenders. In a recent publication, the global rating agency listed the banks to...

    Why eNaira launch was postponed- CBN

    The Central Bank of Nigeria on Thursday announcedthe postponement of the planned unveiling of the digital currency, eNaira. The launch was initially scheduled for October...

    World Bank Approves Nigeria’s $750 Million COVID-19 Loan Request

    The World Bank has declared as “effective“ President Muhammadu Buhari regime’s $750-million COVID-19 Action Recovery and Economic Stimulus (NG-CARES) Programme. Aso Vakporaye, the Federal CARES...

    Court Stops CBN’s Deposit, Withdrawal Levies

    A Federal High Court sitting in Awka, Anambra State, has ruled as discriminatory the cashless policy of the Central Bank of Nigeria (CBN) across...

    Nigeria’s digital currency eNaira website goes live, displays CBN digital currency features

    The Central Bank of Nigeria’s eNaira website has gone live ahead of October 1 official launch. According to the website, www.enaira.com, “eNaira is a CB...

    Commercial banks’ non-performing loans average 5.4%

    By Omodele Adigun As the regulatory forbearance, which allowed banks to restructure their loan books, particularly in sectors vulnerable to the shocks of COVID-19, continues...

    Commercial banks’ operating expenses jumps to N874bn over high Inflation, regulatory costs

    Nine commercial banks in Nigeria recorded an aggregate operating expense of N874.8bn in the first half of the year. This figure indicates an increase of...

    AMCON empowered to sell debtors’ property after Reps amended Act

    The House of Representatives has passed for third reading, an amendment to the Asset Management Corporation of Nigeria Act which empowers the corporation to...

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