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 investors (FPIs) adopt a wait-and-see position in the equities market.  The local currency has been stable within a band between N360 More...

by Uchenna Ajah | Published 2 weeks ago
By Uchenna Ajah On Sunday, July 15th, 2018
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Ecobank risk assets deteriorate as Kie bows out

By FELIX OLOYEDE Charles Kie, Ecobank Bank, immediate past MD The exit of Ecobank Nigeria’s erstwhile Managing Director, Charles Kie, has raised a groundswell of speculation in the financial community as sector More...

By Uchenna Ajah On Sunday, July 1st, 2018
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Investors bemoan slow market

By TESLIM SHITTA-BEY After a sizzling 2017 performance with market yield closing at a striking 46 per cent by December, second quarter 2018 has proven to be a major disappointment with mid-quarter market yields More...

By Felix OLOYEDE On Wednesday, June 13th, 2018
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CBN may raise rates by fourth quarter, says Coronation Merchant Bank

FELIX OLOYEDE Contrary to the expectation of many for an interest rate cut, the Central Bank of Nigeria may actually raise rates by the fourth quarter of 2018, says the latest report from Coronation Merchant Bank. In More...

By Felix OLOYEDE On Wednesday, May 23rd, 2018
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New CIBN president tasks banks on risk management, corporate governance   

FELIX OLOYEDE Dr. Uche Olowu, 20th president, Chartered Institute of Bankers of Nigeria (CIBN). Financial institutions in the country have to device strategies to address the issue of poor risk management and corporate More...

By Uchenna Ajah On Monday, May 14th, 2018
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Banks jittery over new anti-money laundering law

By OKEY ONYENWEAKU Deposit Money Banks (DMBs) are groaning under the additional tightening of recent anti-money laundering rules introduced by the Central Bank of Nigeria (CBN). The nations chief financial regulator More...

By Felix OLOYEDE On Friday, April 27th, 2018
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FBNQuest Merchant Bank posts ₦6.167bn pre-tax profit

Bello Maccido, FBNQuest Merchant Bank chairman FBNQuest Merchant Bank, the investment banking and asset management group of FBN Holdings Plc, has declared a profit before tax (PBT) of ₦6.17 billion for the year More...

By Uchenna Ajah On Monday, April 23rd, 2018
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Nigerian banks prepare for new digital ecosystem

By TESLIM SHITTA-BEY Why did Dinosaurs go extinct? They failed life’s first law of survival, adaptability. In the quest not to go the way of Tyrannosaurus Rex, Nigerian banks in growing numbers are becoming familiar More...

By Felix OLOYEDE On Sunday, April 22nd, 2018
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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 More...