UBA Announces N40 Billion Half Year Profit
United Bank for Africa Plc (“UBA” or “the Bank”), announced its Audited 2016 Half Year Financial Results for the period ended 30 June 2016...
CBN Ban On Nine Banks Puts Pressure On Forex Market
The decision of the Central Bank of Nigeria (CBN) to ban nine Nigerian banks from foreign exchange market has put pressure on the market...
Patrick Iyamabo Is The New Money Man Of First Bank
First Bank Nigeria Limited, the commercial banking subsidiary of FBN Holdings Plc has announced the appointment of Patrick Iyamabo as the new Chief Financial...
Union Bank Records Higher Bad Debt Provisions But Strong Earnings In Q2
Rising bad debts in Nigeria’s increasingly difficult operating environment has forced Union Bank Nigeria Plc to make higher provisions for bad debts in the...
Zenith Bank’s Q2 Earnings Down 6.2% To N214.5 billion
The tough economic environment has taken a toll on Zenith Bank earnings for the first six months of 2016. The bank released its results...
How CBN Naira Non-Deliverable Forward (NDF) Contracts Work
In a bid to control the pressure on the Nigerian naira, the Central Bank of Nigeria (CBN) recently introduced what it calls the Non-Deliverable...
Access, Diamond Bank Top Money Market Dealers Table
Access Bank has emerged the biggest dealer in money market instruments in the first half of the year ended June 2016. The bank overtook...
Access Bank Upgrades to PayWithCapture 5.0
Customers of Access Bank will now enjoy faster, convenient and hassle free payments with the bank’s upgraded digital banking solution PayWithCapture 5.0.
The bank...
Here are the major headwinds facing Nigerian banks
The Nigerian banking market is facing serious headwinds from slow GDP growth, falling FX reserves/ availability and regulatory pressures. The regulatory pressures on banks...
Fitch Affirms GTBank’s Rating At B+ With Stable Outlook
Guaranty Trust Bank remains one of the top two rated Banks in Nigeria as shown by the recently released Rating Report by Fitch, a...
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