Nigerian banks must grow risk-weighted assets to remain competitive, says Coronation Merchant Bank report

FELIX OLOYEDE Ability to create risk asset creation in the real sector would set apart leaders of the Nigerian banking industry over the next three years, a new report from Coronation Research, a part of Coronation Merchant Bank Group has stated. The report released last week claimed that while the quality of asset in the industry has improved, the More...

by Felix OLOYEDE | Published 20 hours ago
By Felix OLOYEDE On Wednesday, April 18th, 2018

US OTA lauds NDIC over academy establishment

L-R: Regional Adviser of US Treasury, Mr Philip Morris; Executive Director Corporate Services, Nigeria Deposit Insurance Corporation (NDIC), Hon. (Mrs) Omolola Abiola-Edewor; MD/CEO, NDIC, Umaru Ibrahim FCIB, mni More...

By Felix OLOYEDE On Wednesday, March 28th, 2018

Wema Bank secures $35m from international lenders to fund SMEs

L-R: Ademola Adebise, Deputy Managing Director Wema Bank Plc; Mr. Aliyu Ahmed, Director, International Economic Relations Department, Federal Ministry of Finance, and Okan Altasli, Regional Office Director, Islamic More...

By Felix OLOYEDE On Tuesday, March 27th, 2018

ALATbyWema wins ‘Best Digital Bank in Africa’ Award

ALATbyWema, Africa’s first fully digital bank, has been named ‘Best Digital Bank in Africa’ at the 2018 Asian Banker Awards. Wema Bank launched ALAT in May 2017 to provide digital banking services More...

By Felix OLOYEDE On Tuesday, March 27th, 2018

Banks to roll out 0.5 million shared Agent Networks by 2019

FELIX OLOYEDE As part of efforts to drastically reduce the numbers of unbanked adults in the country, commercial lenders have concluded plans to roll out 500,000 Shared Agent Networks by 2019. The Shared Agent Networks More...

By Felix OLOYEDE On Tuesday, March 20th, 2018

Unity Bank denies Milost’s $1bn investment

FELIX OLOYEDE Unity Bank has refuted claim that Milost Global Inc plans to invest $1 billion in Unity Bank Plc, saying it has not reached any agreement with Milost to warrant such speculation. A statement from More...

By Uchenna Ajah On Friday, March 16th, 2018

Pound recovers as World supports Britain in spy case

The British pound recovered Friday from weakness prompted by a Russian decision to expel British diplomats, as the world rallied in support for London in a crisis sparked by the poisoning of a double agent, analysts More...

By Felix OLOYEDE On Monday, March 12th, 2018

How securities trading, commissions lift Zenith Bank’s profitability in 2017

FELIX OLOYEDE Significant improvement in Zenith Bank’s securities trading income and commission on turn-over influenced its better-than-expected performance in 2017. The lender’s just released 2017 financial More...

By Felix OLOYEDE On Thursday, March 8th, 2018

ALATbyWema Launches Quick Loans, Virtual Dollar Card

ALAT, Nigeria’s only fully digital bank, has released two exciting new features: quick short-term loans and a virtual dollar card for paying online internationally. ALAT Loans are accessible to all ALAT customers More...