Across the counter: Polaris bank battles the demons

CBN rechristened Skye Bank as Polaris Bank after it was taken over in October 2018. By AYOOLA OLAOLUWA When the new management of the now defunct Skye Bank, christened  Polaris Bank after it was nationalised  by the Central Bank of Nigeria (CBN) in 2018, it promised to turn around the bank in the shortest time possible. However, that promise appears More...

by Felix OLOYEDE | Published 3 weeks ago
By Felix OLOYEDE On Sunday, January 6th, 2019
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BDCs, CBN partnership supporting Naira, says Gwadabe

Aminu Gwadabe, ABCON president The strategic partnership between the Central Bank of Nigeria (CBN) and Association of Bureaux De Change Operators of Nigeria (ABCON) on foreign exchange supplies and sustenance of More...

By Felix OLOYEDE On Friday, December 28th, 2018
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Naira loses 0.02% at interbank FX market

The Naira depreciated by 0.02 per cent against the Dollar at the inter-bank segment of the foreign exchange market from Monday’s closing position of N306.95 to close at N307.00 on Thursday. The Investors and Exporters More...

By Felix OLOYEDE On Sunday, November 25th, 2018
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Access Bank takes aim at the top

By OKEY ONYENWEAKU As rumours swirl of Access bank making another strategic move, financial analysts are betting on heavy odds that the enterprising lender is set to soar to the top cadre of the industry. This appears More...

By Felix OLOYEDE On Monday, November 12th, 2018
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Defunct Skye Bank management, directors under investigation, says NDIC

Nigeria Deposit Insurance Corporation (NDIC) MD/CEO, Umaru Ibrahim exchanges pleasantries with the Chief Judge of the Federal High Court, Hon. Justice Abdul A. Kafarati at the 2018 NDIC Sensitization Seminar for More...

By Felix OLOYEDE On Sunday, November 4th, 2018
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State of the Banks: How banks are managing economic headwinds

Nigeria’s urban money managers have become magicians of sorts, with the local economy groping for growth as gross domestic product (GDP) shuffles ahead at a sleepy 1.5 per cent (as at the second quarter of the More...

By Felix OLOYEDE On Friday, November 2nd, 2018
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Wema Bank Joins World Savings Day Celebration

In a bid foster a healthier and sustainable savings culture in kids, Wema Bank joined the world in celebrating the World Savings Day under the theme “decoding the financial educate challenge” by visiting several More...

By Felix OLOYEDE On Wednesday, October 31st, 2018
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Yields lower slightly in Nigerian bond market

The double Open Market Operation (OMO) T-bill rate hikes by the Central Bank of Nigeria (CBN) and slight offshore sell towards month end caused yields to slightly lower by 3 basis points on Thursday, but closed More...

By Felix OLOYEDE On Monday, October 29th, 2018
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Diamond Bank to reposition for enhanced profitability

By FELIX OLOYEDE In a bid to avoid travelling the rout of Skye Bank, which was recently taken over by the Central Bank of Nigeria (CBN), struggling Diamond Bank is aggressively in search of survival strategies that More...