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 a report titled: “Interest rate outlook, 2018”, released on Tuesday, the investment bank noted that while countries such as Kenya More...

by Felix OLOYEDE | Published 1 week ago
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...

By Felix OLOYEDE On Wednesday, April 18th, 2018
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US OTA lauds NDIC over academy establishment

L-R: Regional Adviser of US Treasury, Mr Philip Morris; Executive Director Corporate Services, Nigeria Deposit Insurance Corporation (NDIC), Hon. (Mrs) Omolola Abiola-Edewor; MD/CEO, NDIC, Umaru Ibrahim FCIB, mni More...

By Felix OLOYEDE On Wednesday, April 18th, 2018
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Wema Bank Takes Agency Banking to Bauchi

Wema Bank Plc has introduced its agent banking service in Bauchi as it seeks to deepen its retail footprint across informal economic sectors of the country. Agent Bank is a cost-effective medium employed by Banks More...

By Uchenna Ajah On Monday, April 16th, 2018
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New FX window rescues economy, say experts

By FELIX OLOYEDE   Stability of Nigeria’s foreign exchange market has been largely attributed to the introduction of the Investors’ and Exporters foreign exchange (I&E FX) window by the Central Bank More...