Banks turn to Fees, commission income as securities yield moderates

By JULIUS ALAGBEThe recent market data has revealed that the fixed income market that provided alternative earnings window for deposit money banks, DMBs, is...

$353.26m FX futures contract matures on FMDQ

FELIX OLOYEDEForeign exchange futures contract worth $353.26 million matured and were settled on FMDQ OTC Securities Exchange on Wednesday.The OTC disclosed in its February...

Nigerian banks must grow risk-weighted assets to remain competitive, says Coronation Merchant Bank report

FELIX OLOYEDEAbility to create risk asset creation in the real sector would set apart leaders of the Nigerian banking industry over the next three...

Zenith Bank aims for the heights

… pre-tax profit up 10% to N167.3bnBy OKEY ONYENWEAKUFrom a one flat accommodation in a remote corner of Lagos 28 years ago, Zenith Bank...

Banks groan under CBN sanctions

By EMEKA EJERE There are growing fears that the continuous debiting of commercial banks’ accounts by the Central Bank of Nigeria (CBN) as a penalty...

CBN fine: No qualms, Stanbic IBTC assures customers

In response to the Central Bank of Nigeria (CBN) fine, Stanbic IBTC Holdings PLC has informed its customers and other stakeholders that the penalty...
FirstBank pays N56bn as commission to Firstmonie agents in 4 years

FirstBank’s boss bags Forbes Best of Africa Award

First Bank of Nigeria Limited, has announced that its Chief Executive Officer, Dr.  Adesola Adeduntan, has been honoured with the Forbes Best of Africa...

Fidelity: Okonkwo raises the bar

By OKEY ONYENWEAKUThe recent liquidation of Skye Bank Plc by the Central Bank of Nigeria (CBN) has raised apprehensions about the safety of customer...

Banks hit by scarcity of cash, borrow N338.4bn from CBN

Cash-strapped banks borrowed N338.5billion from the Central Bank of Nigeria in January to bridge their funding gap, according to the banking data.Figures from the...

Self-defence is a natural instinct, Matawalle fires back at Army chief, critics

Governor Bello Matawalle of Zamfara State has said that the state government relied on an extant legislation to direct residents to acquire weapons...