Now that more Nigerians are increasingly resorting to digital banking, there is an even greater chance that banks will start earning more income from e-banking fees. Experts...
"One of the challenges of working from home as a banker is that there are lots of softwares that we use that cannot be accessible from...
The coronavirus pandemic has forced a change in its outlook for non-performing loans.
"In conclusion, corporate entities in the financial services space must begin to realign their business strategies to recognise the sweeping technological changes in the business environment."
“Some companies (banks) have already begun to slash their CAPEX and will most likely cut dividend payouts in 2020.”
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...
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.