Jitters as Nigerian banks brace up for more loan provisioning
Banks are worried about rising cases of bad loans and will go after defaulters.
The plot behind Access Bank’s Mareva injunction against Seplat and Cardinal Drilling
New details emerge as Access Bank, Seplat Petroleum squabble over Cardinal Drilling Services' loans.
Nigerian stocks close November with biggest monthly gains in two years
The Nigerian stock market closed the month of October with aplomb posting the biggest monthly gains in almost two years.
Despite CRR debits, Nigerian Banks record higher net interest income
Banks are recording higher net interest income, despite the CBN's frequent CRR debits chalking off significant amounts of their cash.
Hotels in Nigeria are on the verge of collapse
Hotels in Nigeria are on the verge of collapsing following rising operating costs
Banks lay-off 2,477 staff during lock-down
As expected contract staff were the most hit as banks sacked over 2000 employees.
Despite COVID-19, top Nigerian Banks declare N36.7 billion dividends
Five of the six top banks in the country, all declared half-year dividends out of profits earned in the first...
FUGAZ Banks suffer N1.9 trillion in CRR Debits in Q2
In total, the CBN now holds a total of N6.57 trillion in CRR debits from the nation's top 5 banks
Report accuses World Bank of ‘toying’ with Nigeria over $1.5 billion loan
Is the World Bank loan to Nigeria for Nigeria or for Foreign Investors?
In panic, forex speculators prepare to dump dollars
For most speculators who bought forex at less than N400/$1, they are pondering whether to sell
