NDIC hosts IADI Africa Regional Committee AGM

NDIC Managing Director/CEE, Alhaji Umaru Ibrahim The Nigeria Deposit Insurance Corporation (NDIC) will host the next edition of the International Association of Deposit Insurers (IADI) Africa Regional Committee (ARC) Annual General Meeting and Technical Assistance Workshop. The event which has been scheduled to hold at the Four Points by Sheraton Hotel, More...

by Felix OLOYEDE | Published 3 months ago
By Felix OLOYEDE On Thursday, September 13th, 2018

Fidelity Bank, COHEB Nig bring succour to Ogoja refugee camp

Nnamdi Okonkwo, CEO, Fidelity Bank Plc In line with Fidelity Bank’s Corporate Social Responsibility objective which seeks to lend a helping hand to the less privileged in the society, the Bank is continuously More...

By Felix OLOYEDE On Monday, September 10th, 2018

Two banks lose CBN’s prime rating

OKEY ONYENWEAKU As the Nigerian economy continues to struggle and the banks are adjusting their strategies to survive the harsh macro-economic environment, the Central Bank of Nigeria (CBN) appears to have unofficially More...

By Felix OLOYEDE On Monday, September 10th, 2018

Access Bank boosts earnings with lower costs

FELIX OLOYEDE Herbert Wigwe, CEO, Access Bank The bank experienced 12 per cent grew year-on-year in pretax profit to N45.84 billion propelled by 29 per cent drop in impairment provision for loan losses to N7.34 More...

By Felix OLOYEDE On Wednesday, September 5th, 2018

Naira loses 0.26% in I&E Forex Window

The Naira lost 0.26 per cent against the dollar at the Investors’ and Exporters’ (I&E) foreign exchange window on Wednesday. The dollar was sold for N363.04 at the I&E Window, N0.63 higher than the $/N362.41 More...

By Uchenna Ajah On Sunday, August 26th, 2018

More banks shun lending despite rising liquidity

By FELIX OLOYEDE Banks in Nigeria have chosen to avoid commercial lending as a source of revenue generation despite growing domestic liquidity in the economy. Indeed, a rising number of bank managers have decided More...

By Uchenna Ajah On Sunday, August 5th, 2018

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 More...

By Uchenna Ajah On Sunday, July 15th, 2018

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

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...