Bank credit to private sector fell in 2017 Q4 — NBS


Credit facilities allocated to the private sector by banks in the fourth quarter of 2017 decreased to N15.74 trillion from the N15.83 trillion recorded in the third quarter, a Nigerian Bureau of Statistics, report has shown. This was disclosed in a report titled, “Selected Banking Sector Data: Sectorial Breakdown of Credit, e – Payment Channels, More...

by metro | Published 3 weeks ago
By metro On Wednesday, November 8th, 2017

UBA Bags More Laurels as Group head of Marketing Wins Top Marketing Professional Award

Pan-African financial institution, United Bank for Africa Plc has continued to make waves on the continent adding more laurels to its ever-increasing list of achievements. The Bank’s Group Head, Marketing and More...

Access Bank
By metro On Tuesday, October 31st, 2017

Nigeria’s Access Bank eschews M&A in Ghana growth strategy

Nigeria’s Access Bank plans to pursue organic growth in Ghana rather than mergers or acquisitions after the central bank raised the minimum capital requirement for lenders in the West African country, its group More...

By metro On Friday, October 27th, 2017

Nigerian T-Bill Boost to Bank Margins May Be Temporary

Nigerian Treasury Bill yields are helping banks to maintain their margins, Fitch Ratings says. Banks have been investing heavily in T-Bills since 2H16, boosting interest income and maintaining margins. Margins reported More...

By metro On Wednesday, October 25th, 2017

Fidelity Bank takes impairment on 9mobile loan

Nigeria’s Fidelity Bank has taken a 5 percent impairment charge on its 17.3 billion naira ($55 million) loan to Etisalat Nigeria, now called 9mobile, its chief executive Nnamdi Okonkwo said on Wednesday. Okonkwo More...

By metro On Monday, October 23rd, 2017

Unity Bank’s capital base hits N80bn

Unity Bank Plc’s capital base has hit N80 billion, up from N31 billion in 2014, Mr Thomas Etuh, former Chairman, Board of Directors, has said. Etuh, the immediate past board chairman of the bank said in a post-retirement More...

By metro On Sunday, October 22nd, 2017

FG moves to seize BVN-less accounts

Justice Nnamdi Dimgba of the Federal High Court in Abuja  has granted a request by Attorney General of the Federation, Abubakar Malami, for a temporary forfeiture of all funds held in bank accounts not linked to More...

By metro On Thursday, October 19th, 2017

GTBank records N125.58bn profit in third quarter

Guaranty Trust Bank (GTB) Plc on Wednesday posted profit of N125.58 billion for the third quarter ended Sept. 30, 2017. The News Agency of Nigeria (NAN) reports that this is according to the bank’s third quarter More...

By metro On Tuesday, October 17th, 2017

UBA Sustains Strong Performance; Grows Nine Months Profit By 33%

Lagos; Nigeria; 15 – 10 – 2017; Pan African financial institution, United Bank for Africa (UBA) Plc has announced its unaudited third quarter financial results ended September 30, 2017, showing remarkable More...

By metro On Wednesday, October 11th, 2017

Four Banks Shuts Over N72m Tax Evasion

No fewer than four new generation commercial banks have been sealed off by officials and men of the Osun State Internal Revenue Service (OSIRS) for alleged tax evasion amounting to N72m. In a raid conducted by More...