Tag
NIGERIAN BANKS
News and stories about Nigerian banks
Earlier this morning, GTBank issued a statement announcing that only 11 branches in Lagos would be open as the lockdown easing begins.
The Nigerian economy, which had hitherto been fragile, has been badly hit by the impact of the lockdown resulting from the coronavirus outbreak.
Debts owed by the upstream oil and gas sector in Nigeria only represent about 19%-25% of banks' loan books, according to Lanre Buluro of Chapel Hill Denham.
The outbreak of the coronavirus disease has worsened the outlook for Nigeria’s hitherto fragile economy due to the pandemic.
Prior to when an Italian national brought in Nigeria’s first COVID-19 case in late February, many Nigerians perceived the contagious virus as a “white man” disease.
This article reviews the strength of Nigerian banks by checking for asset quality deterioration through reviewing their recent audited financial results.
The financial approach used by Nigeria’s oil companies against lower oil prices will affect their chances of making it through.
The crash in crude oil prices globally and the coronavirus pandemic appear to have negative effects on the Nigerian banking industry.
The CBN recently adjusted the rate in the Investors and Exporters Foreign exchange window to N380/USD from the N364 to N370.
With the disruptive technologies of small challenger banks in Nigeria, it is possible to open fully-functional bank accounts in just five minutes.
Nigerian banks experienced the largest drop in contract staff employment since 2015. This is according to the latest banking sector report of the National Bureau of Statistics (NBS).
Access Bank shares hit N7 on September 12 for the first time since May but it took it another 6 weeks to get past N8.