Tag
BANKS
News and analysis about banks
The exclusion of retained earnings from the computation of minimum capital by the CBN is likely to lead to increased dividend payouts by banks over the next few years.
The Chief Executive Officer of the fintech company CashBox, Mr. Sydney Aigbogun, has stated that collaborations between banks and fintechs in Nigeria would accelerate the achievement of the country’s 95% financial inclusion target.
The mining and quarrying sector witnessed a substantial influx of bank loans in the third quarter of 2023, with borrowing surging to approximately N12.76 billion, as detailed in the Central Bank of Nigeria's (CBN) latest quarterly statistical bulletin.
In 2019, Uzoma Dozie took a bold leap from his role as the Group Managing Director of Diamond...
In 2023, the NGX Banking Index showcased remarkable growth, registering a robust 114.9%, solidifying its position as the second-best performing index on the NGX, narrowly trailing the oil and gas index.
Samira Mensah, a credit analyst at S&P credit rating agency has stated that Nigerian fintechs do not pose any challenge to top-tier banks across the country.
Nigerian shareholders have called upon the government and the Central Bank of Nigeria (CBN) to adopt a tiered approach to recapitalization requirements for banks, taking into account their operational scope.
AMCON has said that it is struggling to recover the N2.2 trillion it injected into banks without any collateral.
An analysis by Nairametrics Research has revealed that twelve publicly listed commercial banks paid over N87.1 billion to audit, consulting and other professional services firms between January and September 2023.
Shareholders in tier 1 banks recorded a combined gain of N1.296 trillion during the first nine months of 2023.
The impact of airtime top-up services offered by banks and fintech companies on recharge card sellers has been felt for several years.
The decision was taken to help combat inflation