Two banks lose CBN’s prime rating

OKEY ONYENWEAKU As the Nigerian economy continues to struggle and the banks are adjusting their strategies to survive the harsh macro-economic environment, the Central Bank of Nigeria (CBN) appears to have unofficially reclassified financial institutions to differentiate the men from the boys. The performance of the banks over time is strategically More...

by Felix OLOYEDE | Published 2 weeks ago
By Felix OLOYEDE On Monday, September 10th, 2018
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Access Bank boosts earnings with lower costs

FELIX OLOYEDE Herbert Wigwe, CEO, Access Bank The bank experienced 12 per cent grew year-on-year in pretax profit to N45.84 billion propelled by 29 per cent drop in impairment provision for loan losses to N7.34 More...

By Felix OLOYEDE On Sunday, September 9th, 2018
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Anxiety mounts over MTN’s Future

Ferdi Moolman, CEO, MTN Nigeria UCHE CHRIS From every indication, this may be the last straw for the South African company, MTN. Informed sources believe that it was a strategic move by government to ensure that More...

By Felix OLOYEDE On Thursday, September 6th, 2018
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FirstBank launches educational solution to support schools

FirstBank has launched its FirstEdu educational solution specifically designed to support schools in need of improvement and growth in meeting their medium and long-term goals. The FirstEdu product includes FirstEdu More...

By Felix OLOYEDE On Thursday, August 30th, 2018
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CBN penalty: Your investment is safe, Diamond Bank reassures shareholders

Uzoma Dozie, CEO, Diamond Bank Diamond Bank has allayed fears over the impact the Central Bank of Nigeria’s (CBN) recent fine on it and three other lenders for foreign exchange infractions,  would have on its More...

By Felix OLOYEDE On Thursday, August 30th, 2018
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CBN fine: No qualms, Stanbic IBTC assures customers

Yinka Sanni, CEO, Stanbic IBTC In response to the Central Bank of Nigeria (CBN) fine, Stanbic IBTC Holdings PLC has informed its customers and other stakeholders that the penalty would not in any way affect its More...

By Uchenna Ajah On Sunday, July 29th, 2018
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Inflation to reverse upward after 17 consecutive slow down

By FELIX OLOYEDE With politics raising the temperature of civil society, a troop of economic analysts calling on their experiences in months leading to major national elections, have reached a consensus that the More...

By Felix OLOYEDE On Tuesday, July 24th, 2018
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MPC Keeps Rates Unchanged for 2 years

Godwin Emefiele, CBN Governor The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained benchmark interest rate at 14 per cent with the asymmetric corridor at +200bps and -500bps around More...

By Uchenna Ajah On Sunday, July 22nd, 2018
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Top banks battle rising NPLs; 2 lose top rating

By FELIX OLOYEDE In the face of daunting economic challenges, commercial lending institutions called Systemically Important Banks  (SIBs) continue to lead the Nigerian financial services sector despite their struggles More...