Banks’ NPLs reach 10-month high in Q3

FELIX OLOYEDE Godwin Emefiele, CBN Governor Non-Performing Loans (NPLs) in the Nigerian banking industry hit 10-month in September, latest data from the the Nigeria Deposit Insurance Corporation (NDIC) has shown. The report quoted by CNBC states that NPLs in the Nigerian banking sector reached N2.42 trillion at the end of Q3 2017, which is 10-month More...

by Felix OLOYEDE | Published 1 week ago
By Felix OLOYEDE On Wednesday, November 15th, 2017
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Time is ripe for rates cut, says Rewane as inflation slows further in Oct.

FELIX OLOYEDE Prof. Yemi Kale, DG, National Bureau of Statistics This is the appropriate time for the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to cut benchmark monetary rates after inflation More...

By Felix OLOYEDE On Monday, October 23rd, 2017
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How UBA Defied gloom: Grows profits and stock value

By OKEY ONYENWEAKU Kennedy Uzoka, GMD UBA Sweeping past recession troubles, United Bank for Africa (UBA) has grown its third quarter (Q3) 2017 profit by 33.2 per cent, one of the strongest year-on-year earnings More...

By Felix OLOYEDE On Thursday, October 19th, 2017
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Growth in interest income, FX push GTBank PAT Up 7.26% in Q3

GTBank MD, Segun Agbaje, Nigeria’s most capitalized commercial lender, Guarantee Trust Bank (GTBank) Plc reported a single digit upswing in its profit-after-tax in the third quarter 2017 financial result, buoyed More...

By hallmarknews On Monday, August 14th, 2017
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Enjoy Your Summer with FirstBank Dollar Denominated Cards

  This summer promises to be an exciting one for holiday makers with FirstBank’s bouquet of Dollar denominated cards.  Convenience, security, flexibility and improved spend are the key defining features More...

By hallmarknews On Sunday, August 6th, 2017
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Financial Market RoI: Zenith, Fidelity, GT Bank, Access,UBA Promise Bumper Harvest

Okey Onyenweaku   | Investors are on the verge of a dividend bonanza as a growing number of banks audit their half year 2017 results. Judging from experience of the recent past banks that audit their half year More...

By Vera Olubi On Monday, July 10th, 2017
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Experts urge extension of Anchor project to other Agric areas

FELIX OLOYEDE|   Experts have called on the Central Bank of Nigeria, CBN, to extend the success the Anchor Borrowers Programme (ABP) has recorded in rice production in the country to other agricultural products. The More...

By Vera Olubi On Saturday, October 22nd, 2016
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UBA Wins Big at Finacle Client Innovation Awards

  United Bank for Africa has continued to receive accolades and global recognition for its  commitment to the use of cutting-edge technology to provide simple and convenient banking solutions and services More...

By hallmarknews On Tuesday, September 6th, 2016
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Bank products that promote Agric

  In the face of falling oil prices, the government of President Buhari has said in clear terms that the agricultural sector is one of the areas it would pay serious attention to in its bid to pilot the country’s More...