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5 banks rake N362bn from investing in securities

Stories by Kayode TokedeAmid low yields on Treasury bills,  five banks generated N362 billion from securities investment in first half year ended June 30,...

2019: Banks reject loans, deposits by politically-Exposed persons

...as EFCC launches fresh investigationBy Olabode JegedeManagers in various branches of banks operating in Nigeria are rejecting loans, huge deposits and transactions by politically-exposed...

Zenith Bank, Diamond Bank, Stanbic IBTC, 6 others rake N275bn from...

By Kayode TokedeZenith Bank Plc, Diamond Bank Plc, Stanbic IBTC Holdings and  six other  commercial banks raked in accumulated N275 billion from fees and...

Banks’ interest on loan shrinks amid slow lending to customers

...Analysts say reduction in yields on treasury bills to hurt banks’ profitBy Kayode TokedeOver severe macro economic challenges and uncertainty surrounding the build up to...

Social Media War: Banks fight dirty

By Kayode TokedeIn a battle of supremacy to attract more customers, Nigerian banks have shifted the battle of branding to attract more customers through...

Why banks aren’t lending at single digit interest rate – CBN

The Deputy Governor, Economic Policy, Central Bank of Nigeria, Dr Joseph Nnanna, on Thursday blamed the inability of Deposit Money Banks to lend at...

Tier 1 Banks Extend Dominance Over Tier 2 Lenders

Any moment from now, quoted companies and banks listed on the floor of the Nigerian Stock Exchange (NSE) will begin to submit their third...

8 banks write off N279.6bn bad loans

…set aside N305bn for loan loss                                    ...

13 commercial banks rake N96.7bn from customers’ accounts

By Kayode TokedeA total of 13 commercial banks generated about N96.7 billion from maintaining customers' accounts in 2017, findings by Nigerian NewsDirect have revealed.The...

Reps probe N115bn tax default, non-remittances by MDAs, banks

The House of Representatives on Wednesday resolved to investigate the N115bn tax liabilities allegedly owed by Federal Government Ministries, Departments and Agencies. The House also...
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