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 by becoming an aggressive retail behemoth leveraging digitization as a platform for market dominance. At a recent breakfast meeting with financial More...

by Uchenna Ajah | Published 8 months ago
By Uchenna Ajah On Sunday, April 1st, 2018
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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
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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
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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
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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
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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...

By Uchenna Ajah On Sunday, February 25th, 2018
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Beating the market slump

TESLIM SHITTA-BEY With year to date yields of stocks taking a bashing in the last two weeks a growing number of investors are toying with the idea of pulling out of equities in search of bumper returns elsewhere. More...

By Uchenna Ajah On Sunday, February 11th, 2018
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NPA’s bumper harvest posts N299.56bn in 2017

Funso Olojo   The Nigerian Ports Authority (NPA) has grossed a princely sum of N299.56billion as generated revenue for 2017 fiscal year. Hadiza Bala Usman, MD NPA According to a statement signed by Abdullahi  More...

By Uchenna Ajah On Monday, January 22nd, 2018
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Bongo: No cause for alarm over failed MPC meeting

Dr Adi Bongo, economist and faculty member, Lagos Business School, insists there is no cause for alarm following the inability of the Central Bank of Nigeria (CBN to hold the Monetary Policy Committee (MPC) meeting More...