TAG: NIGERIAN BANKS

CBN Admits Banks Need Help

I do not like to sound alarmist but some Nigerian banks are particularly not in a state of good...


Quick Run Down Of Fitch Diagnosis Of Nigerian Banks

Fitch Ratings issued its latest comments on the Nigerian Banking sector on Wednesday spooking investors about the relative health...


Deadlock: Banks Have Refused Etisalat’s “Trojan Horse” Offer

Nairametrics| The 13 Nigerian banks that loaned Etisalat Nigeria, $1.2 billion in 2013, insist the bank must, repay the...



January FX Utilization By Banks Shows $811m Allocated To PTA

Nairametrics| The Central Bank of Nigeria on the 1st of March published the list of forex sold by commercial...


Chart of the day: Effect of TSA on Bank Deposits

Nairametrics| The Federal Government Under President Buhari introduced the Treasury Single Account in the final quarter of 2015. Since...


Implication: NDIC Says N1.8tr In Bank Loans Are “Non-Performing”

Nairametrics| The Banking crisis of 2009/2010 is still very fresh in the minds of a lot of Nigerians especially when...


Analysis: Is Patient Capital Enough For SME’s To Survive

Nairametrics| The Bankers Committee, recently announced an SME scheme, where banks will take equity stakes rather than give loans...


Here Are 5 Trends That Could Disrupt The Banking Sector in 2017

In the lurid space where financial and digital innovation intersect, disruptors are booming. They’ll continue to cause upheaval in...


Nigerian Banks Are Increasingly Worthless, Except On Paper

Nairametrics| Nigerian banks are worth more on papers these days.  The industry according to Nairametrics data, has a price...


Forex Gains Helps Nigerian Banks Get Out Of Recession

The third quarter GDP report released by the National Bureau of Statistics showed Nigeria’s financial sector reported a real...


Fitch’s Latest Rating On Nigerian Banks Is Damning For First Bank

Rating agency Fitch has issued its latest ratings Nigerian Banks. Fitch reduced the Support Rating Floors of 10 Nigerian...


Total Number of Savings Account In Nigeria Up 15% to 65 million. 

Data from the website of the NIBSS reveal that the total number of bank savings accounts in Nigeria as...


Official: Interest Rates Charged By Banks For The Month of September

The Central Bank of Nigeria has Published its September report detailing interest rates charged by commercial banks for selects...


So This Is Why Banks Charged You Black Market Rates Using Your Naira Cards For Forex Transactions

Investment Banking firm Cardinal Stone Partners in its latest weekly report revealed why it thought commercial banks in Nigeria were...


Seven Banks Are Undercapitalized, Says Report

A stress test conducted by a Dubai-based international investment bank, Arqaam Capital, has indicated that seven Nigerian banks are...



Payporte Is Set To Launch “Paywallets” In Nigeria

PayPorte, the fastest growing on line retailer in African’s most nation will launch its Paywallets, a product that will...


CBN Instructs Banks To “Immediately” Write Down Losses On Foreign Currency Loans

The Central Bank of Nigeria has instructed commercial banks to “immediately” write off loan the increase in foreign currency...


Electricity Tariff Annulment: List Of Banks That Are Exposed To The Power Sector

Nigerians Banks are at risk of losing about $3 billion in Loans to the power...


Why Banks Are Sending Customers Emails With New Daily Forex Withdrawals Limit

Nigerians were inundated with messaged from their banks informing them of limits to foreign denominated transactions. Some messages read...