UBA repositions for global challenges

By OKEY ONYENWEAKU Recent Board changes have been made at the United Bank for Africa (UBA) to generate new thinking and a fresh perspective of the future of the bank in the various markets it has chosen to do business. The new board includes a short list of experienced administrators and long standing board room professionals such as  Mrs. Erelu Angela More...

by Olaolu Ayoola | Published 3 weeks ago
By Uchenna Ajah On Sunday, August 26th, 2018
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H1 2018: Union Bank shines with fixed income securities

By FELIX OLOYEDE Union Bank has shown indications of  a pleasant period for shareholders as improved revenues from e-banking and fixed income securities raised its bottom line in half year (H1) 2018.  Nigeria’s More...

By Uchenna Ajah On Sunday, August 26th, 2018
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More banks shun lending despite rising liquidity

By FELIX OLOYEDE Banks in Nigeria have chosen to avoid commercial lending as a source of revenue generation despite growing domestic liquidity in the economy. Indeed, a rising number of bank managers have decided More...

By Uchenna Ajah On Sunday, August 26th, 2018
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CBN launches measures to boost Agric, Manufacturing

By OKEY ONYENWEAKU In a masterful review of bank lending policy the Central Bank of Nigeria (CBN) has engineered a solution to reducing funding costs to both the agriculture and manufacturing sectors. In a move More...

By Uchenna Ajah On Monday, August 20th, 2018
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Financial crisis in power sector endanger banks

By AYOOLA OLAOLUWA   Except prompt actions are urgently taken, the banking sector could face another major financial crisis, no thanks to their heavy exposure to distressed power firms operating in the country. According More...

By Uchenna Ajah On Sunday, August 19th, 2018
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Interim Dividends: Naira rain at GT Bank

By OKEY ONYENWEAKU With its year on year yield at 9.98 per cent, GT Bank Plc has become the toast of local investors as its stock price bounced from N24 per share at the start of 2017 to a more recent price of N38. More...

By Uchenna Ajah On Sunday, August 12th, 2018
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H1: Zenith Bank waves the magic wand

By OKEY ONYENWEAKU Despite weak economic tailwinds, Zenith Bank Plc is fashioning a path to stronger corporate earnings in the year 2018. The bank’s management has recently struck a pact with lower operating expenses More...

By Uchenna Ajah On Sunday, August 5th, 2018
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Stocks: Investors scout for hidden value as market turns bearish

By TESLIM SHITTA-BEY As Nigeria’s Stock Exchange’s All Shares Index (ASI) dips below a year-to-date yield of zero per cent (-4.58 per cent at the close of the previous week’s business on Friday), a More...

By Uchenna Ajah On Sunday, August 5th, 2018
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Naira remains stable as foreign portfolio investors take lackluster position

By FELIX OLOYEDE Review of Nigeria’s foreign exchange market in the last one month has revealed that the Central Bank of Nigeria (CBN) regular intervention in the market has kept the naira stable as foreign portfolio More...