TAG: NIGERIAN BANKS

These 8 female bank directors are leading the way in boards full of men

These 8 female bank directors are leading the way in boards full of men

The great...


Nigerian Banks raise dollar limit on Naira debit cards

Nigerian Banks raise dollar limit on Naira debit cards

Nigerians, who execute frequent dollar transactions, now have cause to smile as commercial banks in the country have raised dollar limits on Naira cards. Here...


These are the 12 documents you must provide to open a corporate bank account in Nigeria

These are the 12 documents you must provide to open a corporate bank account in Nigeria

For prospective business owners, opening a bank account for the entity is a foregone conclusion. While different banks have slightly different procedures for opening...



Looks like CBN dollar Intervention is yielding ‘positive results’

Looks like CBN dollar Intervention is yielding ‘positive results’

The series of recent interventions by the Central Bank of Nigeria appears to be yielding expected result as Nigerian Banks now see improved dollar...


You must know these terms if you want to own a bank account in Nigeria

You must know these terms if you want to own a bank account in Nigeria

Every industry has its own terms that only members of the profession are conversant with. The banking industry is no exception. However, since their...


Etisalat: Investors are dumping ‘FUGAZ’ in droves

Etisalat: Investors are dumping ‘FUGAZ’ in droves

The recent takeover of the board of Etisalat Nigeria by the CBN and (possibly Aliko Dangote) has sent investors in a frenzy with banking...


ICYMI: Weekly roundup of major news from Nigeria’s Financial Sector

ICYMI: Weekly roundup of major news from Nigeria’s Financial Sector

This is a roundup of the major news in the Nigerian Financial Sector for the week ended June 30th 2017 1. Omoluabi Mortgage Bank...


Another Bailout? CBN/NCC said to take up board position in “New Etisalat”

Another Bailout? CBN/NCC said to take up board position in “New Etisalat”

In what appears to be yet another twist in the Etisalat Nigeria saga, the Federal Government through the Central Bank of Nigeria (CBN) and...


Explained: Why banks won’t give your business a Loan

Explained: Why banks won’t give your business a Loan

Most governments around the world have identified small businesses as a major catalyst for economic growth. However, small businesses cannot achieve this without some...


Etisalat claims it owes banks $575million not $1.2 billion

Etisalat claims it owes banks $575million not $1.2 billion

Etisalat Nigeria has revealed that the $1.2 billion widely reported as its indebtedness to about 13 Nigerian banks is not correct. According to the...


No ‘hostile takeover’!!! Regulators warns banks

No ‘hostile takeover’!!! Regulators warns banks

Better late than...


Likely effect of an Etisalat solvency on the profits of these banks

Likely effect of an Etisalat solvency on the profits of these banks

Summary: An equivalent of 49% of the profits made by Fidelity Bank in 2016 could be lost Access Bank could lose an equivalent of...


Sequence of events that led to the exit of Etisalat UAE

Sequence of events that led to the exit of Etisalat UAE

Nigeria’s fourth largest GSM service provider Etisalat Nigeria announced on Tuesday that its parent company, Etisalat UAE has decided to divest completely from its...


List of Nigerian banks exposed to Etisalat’s $1.2 billion debt

List of Nigerian banks exposed to Etisalat’s $1.2 billion debt

Etisalat UAE has officially decided to pull out of Nigeria following a series of negotiations with a consortium of commercial banks that have since...


Official: Etisalat UAE pulls out of Nigeria, may also take back naming rights

Official: Etisalat UAE pulls out of Nigeria, may also take back naming rights

Etisalat Nigeria has confirmed changes in its shareholdings structure. Its Abu Dhabi parent company, Etisalat UAE informed the Abu Dhabi stock exchange earlier today...


7 funding options available to Etisalat to avoid going bust

7 funding options available to Etisalat to avoid going bust

Etisalat UAE, the largest shareholder in Nigeria’s third largest GSM Network, Etisalat Nigeria, may have discretely agreed to pull out of Nigeria. This was mainly...


Getting a loan from a bank will remain difficult till these issues are fixed

Getting a loan from a bank will remain difficult till these issues are fixed

At an event held last week in Lagos, the Central Bank of Nigeria (CBN) admonished the low access to bank credit by Nigerians. Factors...


5 Nigerian Banking mobile apps you need to own

5 Nigerian Banking mobile apps you need to own

Very high quality banking...


Etisalat vs Nigerian banks: Why not try this option?

Etisalat vs Nigerian banks: Why not try this option?

The intervention by the National Communications Commission (NCC) and the Central Bank of Nigeria (CBN) in negotiations between Etisalat Nigeria and the consortium of...


Banking Sector Report Shows 5,728 Jobs Lost In 4th Quarter of 2016

Banking Sector Report Shows 5,728 Jobs Lost In 4th Quarter of 2016

Nairametrics| The National Bureau of Statistics released 2016 banking sector data on Tuesday. The data shows activities in the banking sector for the year covering...


Data: Internet Web Transactions in Nigeria (From 2010)

Data: Internet Web Transactions in Nigeria (From 2010)

Internet web pay transactions has been on the rise over the years following the liberalization of the financial sector less than a decade ago....


Balances In Domiciliary Accounts of Nigerian Banks

Balances In Domiciliary Accounts of Nigerian Banks

The Central Bank of Nigeria keeps a record of foreign currency deposits held by commercial banks on behalf of their customers. The amount includes...


Loan To Deposit Ratios of Nigerian Banks

Loan To Deposit Ratios of Nigerian Banks

Deposit Money Banks (DMBs) in Nigeria collect deposit from the customers and from the deposits they issue loans to borrowers. The Central Bank of Nigeria...


Private Sector Banking Credit In Nigeria Increased By 4% (2016 Q3)

Private Sector Banking Credit In Nigeria Increased By 4% (2016 Q3)

The National Bureau of Statistics released the Nigerian private sector banking credit by sector Q1 2015 – Q3 2016. The report shows that; Total...


E-Payment Transactions In Nigerian Banks Increased By 23% in 2016 Q3

E-Payment Transactions In Nigerian Banks Increased By 23% in 2016 Q3

The National Bureau of Statistics released the report of  electronic payment channels in the Nigeria banking sector Q3 2016. The report shows that; Volume...


Nigeria’s Top 10 Banks According to Deposit Base

Nigeria’s Top 10 Banks According to Deposit Base

Nigeria's top 10 banks according to deposit base as at 2015 end are...


CBN’s Updated List Of Banks In Nigeria Includes Two New Banks

CBN’s Updated List Of Banks In Nigeria Includes Two New Banks

The Central Bank of Nigeria has just released its updated official list of all Deposit Money Banks in Nigeria. The latest list includes two...


Forex Sold To Banks By CBN – March 2016

  The list below is the total amount of foreign exchange the CBN sold to banks in March 2016....


Names Of Board Of Directors Of Top Nigerian Banks

This table lists the names of Board of Directors of Top Nigerian Banks. The table is updated once we have the following information. Press...


Etisalat Obtains $1.2billion (N192billion) Loan From Nigerian Banks

Etisalat Obtains $1.2billion (N192billion) Loan From Nigerian Banks

Emerging Markets Telecommunications Services Limited, trading under the name of Etisalat Nigeria, has signed a $1.2bn medium-term syndicated loan facility agreement with Zenith Bank...