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 Sunday, July 29th, 2018
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CBN: No life line to economy

By FELIX OLOYEDE As the Central Bank of Nigeria (CBN) continues to keep a tight rein on domestic money supply while keeping policy rate at 14 per cent per annum, operators in the real sector of the economy have More...

By Uchenna Ajah On Sunday, July 29th, 2018
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Economy: Analysts predict tougher times

. Nigerians to face more hardship in 2019  By AYOOLA OLAOLUWA   Nigeria may soon experience a severe food crisis as a result of the unabated killings of farmers and conquest of lands by Fulani herdsmen in 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 Monday, July 23rd, 2018
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Population crisis: Nigeria Analysts raise Alarm

Against increasing concerns about exploding population figures, Nigerian economists, in growing numbers, are raising their voices over an impending tragedy if the current growth rate of 3 per cent per annum is not More...

By Uchenna Ajah On Sunday, July 22nd, 2018
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2018 tax revenues may top N5trn

By FELIX OLOYEDE Nigeria’s fiscal authorities are poised to rake in the nations highest tax revenue in history if it sustains  current collections. The Federal Inland Revenue Service (FIRS) recently disclosed 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...

By Uchenna Ajah On Sunday, July 15th, 2018
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Ecobank risk assets deteriorate as Kie bows out

By FELIX OLOYEDE Charles Kie, Ecobank Bank, immediate past MD The exit of Ecobank Nigeria’s erstwhile Managing Director, Charles Kie, has raised a groundswell of speculation in the financial community as sector More...

By Uchenna Ajah On Sunday, July 15th, 2018
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2018 budget in jeopardy

. Delay alone has reduced performance by 13% – Experts By UCHE CHRIS In all likelihood the 2018 budget will end like the three previous budgets of the President Buhari administration: a failure. Having been More...