Time is ripe for rates cut, says Rewane as inflation slows further in Oct.

FELIX OLOYEDE Prof. Yemi Kale, DG, National Bureau of Statistics This is the appropriate time for the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to cut benchmark monetary rates after inflation rate slows down for the ninth consecutive time in October, said Mr Bismarck Rewane, Managing Director, Financial Derivatives. The National More...

by Felix OLOYEDE | Published 4 days ago
By Felix OLOYEDE On Wednesday, November 15th, 2017
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ELAN National Lease Conference Focuses on Revamping Nigerian Economy

FELIX OLOYEDE Andrew Efurhievwe, Executive Secretary, ELAN In furtherance of its objective of promoting the business of leasing in Nigeria, Equipment Leasing Association of Nigeria (ELAN) has concluded plans to More...

By Okey Onyenweaku On Monday, November 13th, 2017
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Nigerian banks shine in Ghana

By JOHNMARK UKOKO Nigerian banks have been credited with “revolutionizing “the banking sector in Ghana, due to the many innovations they brought to Ghana’s banking sector. The Ghana Deputy Minister of Trade More...

By Okey Onyenweaku On Sunday, November 5th, 2017
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Diamond Bank result rekindles hope, posts 71% Q3 profits

.           Union Bank declares improved Q3 results By OKEY ONYENWEAKU Shareholders of Diamond Bank plc could not be more pleased with the bank than the present as its recently declared third quarter (Q3) More...

By Felix OLOYEDE On Monday, October 23rd, 2017
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Now is the time to diversify the economy – Bello, NEXIM Bank MD

Abba Bello, NEXIM CBN MD Mr. Abba Bello, Managing Director of Nigeria Export and Import  Bank (NEXIM), sees Nigeria’s dwindling oil fortune as an opportunity to develop other revenue resources and grow the More...

By Felix OLOYEDE On Monday, October 23rd, 2017
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How UBA Defied gloom: Grows profits and stock value

By OKEY ONYENWEAKU Kennedy Uzoka, GMD UBA Sweeping past recession troubles, United Bank for Africa (UBA) has grown its third quarter (Q3) 2017 profit by 33.2 per cent, one of the strongest year-on-year earnings More...

By Felix OLOYEDE On Thursday, October 19th, 2017
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Growth in interest income, FX push GTBank PAT Up 7.26% in Q3

GTBank MD, Segun Agbaje, Nigeria’s most capitalized commercial lender, Guarantee Trust Bank (GTBank) Plc reported a single digit upswing in its profit-after-tax in the third quarter 2017 financial result, buoyed More...

By Vera Olubi On Monday, August 21st, 2017
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Expert provides recipe for rising electronic banking fraud in Nigeria

CHIBUISI AMA-OHAKA [Abuja]|   As startling and revealing as the online fraud situation in Nigeria is, going by a recent Nigerian Deposit Insurance Corporation [NDIC] report, an Abuja based financial analyst, More...

By hallmarknews On Sunday, August 6th, 2017
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Financial Market RoI: Zenith, Fidelity, GT Bank, Access,UBA Promise Bumper Harvest

Okey Onyenweaku   | Investors are on the verge of a dividend bonanza as a growing number of banks audit their half year 2017 results. Judging from experience of the recent past banks that audit their half year More...