Wema bank returns to profitability

By OKEY ONYENWEAKU Against flagging economic headwinds caused by declining manufacturing sector growth and lower retail sector spending, Wema Bank, one of Nigeria’s oldest indigenous banks, has had to wade through several muddy waters. However, defying earlier gloomy expectations of financial analysts the bank seems to be staging a grand comeback. Indeed, More...

by Uchenna Ajah | Published 3 weeks ago
By Uchenna Ajah On Monday, July 9th, 2018
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Banks brace up to Renmibi-Naira swap

By FELIX OLOYEDE Commercial lenders in the country are wrapping up preparations for the commencement of Renmibi-Naira currency swap arrangement tidied up by the Central Bank of Nigeria (CBN) in the second quarter More...

By Uchenna Ajah On Sunday, July 1st, 2018
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Big banks in equity market slump

By OKEY ONYENWEAKU Investors are seeking bumper harvests by year end as they begin to cherry pick low priced banking sector stocks. Price earnings ratio (P/E) for banks has continued to dip over the last two quarters More...

By Uchenna Ajah On Monday, May 14th, 2018
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The spreadsheet…Fidelity Bank tackles economic headwinds

By TESLIM SHITTA-BEY   First quarter (Q1) 2018 results for Fidelity bank, according to analysts, has been far from investors dreams but it has also not been a bad run, as the bank’s net interest income (a More...