The total assets of banks rose to $110.5bn (N42.2tn) as of the end of February 2020.
A member of the Monetary Policy Committee, Dr. Rafindadi Sanusi, disclosed this in his presentation during the last MPC meeting of the Central Bank of Nigeria. He said, “Total assets of the industry have grown from N38.57tn in November 2019 to N42.89tn in February 2020.” The rise in the banks' assets shows an increase of 11.2 percent within a period of three months, between November 2019 and February 2020…
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