Nigerian banks must grow risk-weighted assets to remain competitive, says Coronation Merchant Bank report

FELIX OLOYEDE Ability to create risk asset creation in the real sector would set apart leaders of the Nigerian banking industry over the next three years, a new report from Coronation Research, a part of Coronation Merchant Bank Group has stated. The report released last week claimed that while the quality of asset in the industry has improved, the More...

by Felix OLOYEDE | Published 20 hours ago
By Felix OLOYEDE On Thursday, March 1st, 2018
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$353.26m FX futures contract matures on FMDQ

FELIX OLOYEDE Foreign exchange futures contract worth $353.26 million matured and were settled on FMDQ OTC Securities Exchange on Wednesday. The OTC disclosed in its February newsletter which Business Hallmark obtained More...

By Felix OLOYEDE On Monday, February 26th, 2018
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NBS to release Q4 2017 GDP report on Tuesday

FELIX OLOYDE Prof. Yemi Kale, DG, National Bureau of Statistics Nigeria’s full 2017 Gross Domestic Product (GDP) report will be out on Tuesday, says Professor Yemi Kale, the country’s Statistician-General. He More...

By Felix OLOYEDE On Thursday, February 22nd, 2018
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Current economic structure can’t support govt’s GDP growth projection, says PAC Holdings

FELIX OLOYEDE President Buhari The 3.5 per cent economic growth projection for 2018 by the federal government in the Economic Recovery and Growth Plan (ERGP), was too optimistic, says Panafrican Capital Plc (PAC). The More...

By Felix OLOYEDE On Wednesday, February 14th, 2018
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Fidelity Bank chairman wins coveted Zik Prize

FELIX OLOYEDE Ernest Ebi, Fidelity Bank Chairman For his immense contributions to the development of corporate Nigeria, Ernest Ebi, chairman, board of directors, Fidelity Bank, has been named as one of winners of More...

By Olaolu Ayoola On Friday, February 9th, 2018
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Akande, Ogbeh, Wike, Baru, others win 2017 Zik Prize Award

Former Governor Osun State and first Interim National Chairman of All Progressive Congress (APC), Chief Bisi Akande and Minister of Agriculture and rural development, Chief Audu Ogbeh were among nine prominent Nigerians More...

By Felix OLOYEDE On Friday, February 9th, 2018
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Oil price falls to five week low as US production rises

FELIX OLOYEDE Oil spiraled to the lowest in five weeks as surging U.S. crude supply coupled with technical indicators signaling the potential for further price declines. Bloomberg reports that futures fell for a More...

By Felix OLOYEDE On Friday, February 9th, 2018
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Naira strengthens marginally at parallel market

FELIX OLOYEDE The Naira appreciated marginally at the parallel market on Thursday, buoyed by the Central Bank of Nigeria (CBN) intervention in the Foreign Exchange market. The local currency strengthened 0.06 per More...

By Felix OLOYEDE On Thursday, February 8th, 2018
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T-Bill maturity improves banks’ liquidity

FELIX OLOYEDE The liquidity challenge which banks have been grappling with in the last five days eased on Thursday, underpinned on the maturity of securities. Overnight (OB) rate dropped -5.08 per cent to 48 per More...