The Naira at the parallel market, the cash rate depreciated slightly by 0.03 per cent to N358.80/$, whilst the transfer rate remained unchanged at N364.00/$ on...
By FELIX OLOYEDE The Nigeria Deposit Insurance Corporation (NDIC) has N140.3bn assistance to banks in the country, its Managing Director, Umaru Ibrahim has disclosed. He made...
The Naira depreciated further against the Dollar on Tuesday as the cash rate it weakened by 0.14 per cent to N358.90/$, whilst the transfer rate remained...
Vice President Yemi Osinbajo has stated that a lot still needs to be done in the area of sanitizing the banking system. He said this when...
Top banks scramble to reposition By JULIUS ALAGBE Feelers from the management halls and boardrooms of leading commercial banks in the country indicate that the top...
Instant credit vendors challenge banks By JULIUS ALAGBE The rising trend of instant credits vendors is posing a big threat to the consumer lending business of...
The Naira depreciated further by 0.07 per cent to $/N360.55 at Investors and Exporters (I&E) forex window the on Thursday. The I&E forex window opened at...
Union Bank grew its profit-before-tax by 33 per cent to ₦18.5billion in 2018 from ₦13.9bn as at December 2017, bolstered by impairment provision which by -113...
By OKEY ONYENWEAKU In a departure from industry trend, Fidelity Bank Plc put smiles on the faces of its shareholders last week when it announced a...