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…