Friday, 29th March 2024
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Nigerian banks

1 day ago
Nigerian banks have 24 months to recapitalise their capital base to at least N500 billion international authorisation capitalisation to continue operations in the country, the Central Bank of Nigeria (CBN) has said. This comes after the apex bank urged Nigerian banks to expedite action on the recapitalisation of their capital base to strengthen the financial…
4 days ago
Nigerian banks have always sought opportunities for offshore expansion to boost their revenue and attract investment. Lately, though, the drive for global opportunities to hedge domestic risks has intensified. In 2023, three foremost banks, as part of their expansionary initiatives, took bold steps that are expected to unlock value for them in the international market.
27 Feb
Except the banks are made to start transiting the dollars in their kitty by way of quick turnover, the mess of the speculation they are involved in will continue.
26 Feb
A Yoruba adage says isale oro legbin which rendition in English is best captured by a philosophical statement credited to Mario Puzo that “behind every big fortune, there is a crime”. It is easy and gratifying to envy those who, in the Nigerian street lingo, “have made it big.”
25 Jan
In a widely published article of 20 November, 2023, under the title: "Mr President and the forex concerns: An invitation to dare,," I raised particular issues of significance to the value of the Naira, our national currency, and outlined possible pragmatic measures that can be adopted by His Excellency, President Bola Ahmed Tinubu, to bolster…
12 Oct
The rise in electronic fraud could be amongst one of the contributing factors – is your account also at risk?
16 Jul 2023
Nigerian banks have been urged to strengthen its internal control and sensitise customers on how to protect themselves from fraud following the revelation that fraud cases in the banking sector was N2.59b in the first quarter 2023.
13 Jun 2023
The top five Nigerian banks by market capitalisation posted combined gross earnings of N4.5 trillion for their 2022 full-year operations.The five banks, which are FBN Holdings, United Bank for Africa (UBA), GTCO, Access Holdings and Zenith Bank achieved gross earnings of N4.5 trillion, a 20 per cent growth compared to N3.6 trillion posted in 2021.
15 Apr 2023
At no time in history has the global social and economic dynamics been so challenged like now. It is coming at a time of Nigeria’s transition from one government to another. The good thing is that the president-elect, Bola Ahmed Tinubu, is a man of excellence, who has been roundly acknowledged as a recruiter-in-chief. He…

Latest

1 day ago
President Bola Ahmed Tinubu has approved the appointment of Dr. Abdullahi Usman Bello as the Chairman of the Code of Conduct Bureau (CCB), pending confirmation by the Nigerian Senate. Presidential spokesman, Ajuri Ngelale, confirmed Tinubu's approval of Bello's appointment in a statement on X on Thursday. According to the Ngelale, Dr. Bello is a consummate…
1 day ago
Hoodlums attacked and set on fire the Neni Divisional Police station in Anaocha Local Government Area of Anambra State. It was gathered that the hoodlums numbering about 30 stormed the area at about 2am on Thursday and destroyed several buildings. READ ALSO: First phase of Lagos-Calabar Highway to be completed in three years – FG…
1 day ago
To streamline operations and enforce parity across its workforce, the Board of Eko Electricity Distribution Company (Eko Disco) has affirmed recent management changes and its decision to harmonize salaries and conditions of service for all employees. Dispelling rumors of a reversal in the dissolution of the former management under Dr Tinuade Sanda, Mr. Dere Otubu,…
1 day ago
The Federal Government said the first phase of the Lagos-Calabar highway will be completed within the next three years. This was disclosed on Thursday in a statement by Ben Bem Goong who is the spokesman to the Minister of Works, Engr. David Umahi. Goong made this announcement following Umahi's inspection of the Lagos-Calabar coaster highway…
1 day ago
Nigeria has been left in darkness as the national electricity grid controlled from Osogbo, Osun State collapsed at about 4:30pm on Thursday. Most distribution companies across the country disclosed that their feeders were out leaving their franchises area across the 36 states in darkness. While the grid output was 2984 megawatts as at 4pm, the…
1 day ago
An Ikeja High Court on Thursday issued a bench warrant against the former employee of Punch Nigeria Ltd., Olusegun Ogunbanjo, and others charged with N950 million fraud.
1 day ago
An Ikeja Sexual Offences and Domestic Violence Court on Thursday discharged and acquitted a 23-year-old student, Victory Tasie, charged with defiling his girlfriend.
1 day ago
Persons familiar with the antecedents of Senator Uba Sani, the Governor of Kaduna State, readily attest to the fact that he is hardly ever deterred by challenges or adversities, no matter how daunting. Stories abound of his daring exploits as a young civil and human rights activist when successive military juntas held sway in Nigeria.…
1 day ago
A former National Chairman of the Peoples Democratic Party (PDP), Uche Secondus and members of the Presidential Campaign Council of the party for the 2023 general elections in Rivers State have declared their loyalty to President Bola Ahmed Tinubu and the state governor, Siminalayi Fubara. A former Minister of Transportation and the Director-General, PDP-PCC Rivers…
1 day ago
The Lagos State Traffic Management Authority, (LASTMA), says the authority will deploy men and materials during the Easter celebration to manage traffic incidences in the state.