The Sterling Bank spreadsheet… an uppity lenders burden

By TESLIM SHITTA-BEY Despite not stirring excitement in recent years, Sterling Bank Plc has run a recession gauntlet and come out looking marvelous. The bank in 2017 grew its gross earnings by slightly under twenty per cent to 19.79 per cent between 2016 and 2017.  The banks gross earnings (a measure of its business volume) rose from N111.4billion More...

by Uchenna Ajah | Published 4 weeks ago
By Uchenna Ajah On Sunday, April 8th, 2018
0 Comments

UAC loses steam with 61% PAT decline

By OKEY ONYENWEAKU Once-upon-a-time household goods and office equipment giant, UACN, has continued to see its fortunes plummet as the group fails to find ways to stop the decline in corporate earnings. The business More...

By Uchenna Ajah On Sunday, April 8th, 2018
0 Comments

Gloom over budget as experts query growth forecasts

By UCHE CHRIS With the 2018 budget still to be passed by the National Assembly at the end of the first quarter of the year and the extension of the implementation of the 2017 budget for capital projects to May, More...

By Uchenna Ajah On Monday, April 2nd, 2018
0 Comments

First Bank restrategises for greater heights

By TESLIM SHITTA-BEY   As far as banks go, First Bank of Nigeria (FBN) is reworking a business model that has suffered pain. The new bank management led by Dr Adesola Adedutan is changing the banks direction More...

By Uchenna Ajah On Sunday, April 1st, 2018
0 Comments

Fitch rates Kaduna’s economy stable

The Kaduna State government has announced that its long-term foreign and local currency issuer default ratings and national long-term rating outlooks have been confirmed to be in stable a condition by the global More...

By Uchenna Ajah On Sunday, March 25th, 2018
0 Comments

High NPLs hobble banks’ 2017 performance

By FELIX OLOYEDE The non-performing loans (NPLs) of commercial lenders in the country maintained an upward trajectory in 2017, despite Nigeria’s exit from recession at the end of the first half of the year. A More...

By Uchenna Ajah On Sunday, March 25th, 2018
0 Comments

UBA strikes gold as Gross Earnings grows 20%

…pays 85 kobo final dividend …PBT rises 15%   BY TESLIM SHITTA-BEY UBA, one of Africa’s largest financial conglomerates, has declared a profit before tax of N105 billion for the financial year ended 31st, More...

By Uchenna Ajah On Sunday, March 25th, 2018
0 Comments

GT in Spreadsheet…beyond the magic

BY TESLIM SHITTA-BEY Guaranty Trust Bank (GT Bank) is one of Nigeria’s most profitable commercial lending institutions and one of its most enigmatic. The bank spawned by two dreamy-eyed bankers, Fola Adeola and More...

By Uchenna Ajah On Tuesday, March 20th, 2018
0 Comments

Debt bomb:Nigeria plays with fire

By TESLIM SHITTA-BEY As far as financial bombs go Nigeria’s N22 trillion public debt is in a class of its own. Indeed the country’s total external and internal debt has exploded to a thundering 21.7 trillion More...