New Zenith Bank CEO says COVID-19 will impact banks negatively –Β The Chief Executive Officer (CEO) of Zenith Bank, Ebenezer Onyeagwu, has said the COVID-19 pandemic is bound to adversely affect the Nigerian banking industry.
Speaking to CNBC Africa, Onyeagwu stated that one of the most immediate impacts of the pandemic was the fact that the oil price crash would have negative implications for banksβ revenue targets. Onyeagwu said: βIn terms of banking, the drop in the price of crude is affecting directly the exposure that banks have created in the oil and gas sector.
Revenues are challenged now; no doubt. And you have a situation where revenues are challenged, the obvious next step will be for you to restructure.β He also noted that the situation would remain very challenging until there was a vaccine to remedy the virus, and that for now, effort was being made to flatten the curve by preventing further spread of the virus, adding that while the effort continued, banks were not expecting much growth.
Kindly subscribe here He said: βIn this moment too, as far as banking is concerned, we are also going to experience the fact that we donβt expect a situation where there will be growth in loan books. Loan growth will be challenged. World Bankβs screen now is on different sectors of the economy and how the COVID-19 impacts them restructuring the loan book.
The Central Bank of Nigeria (CBN) has even given a dispensation to this effect; asking banks to come up with the various proposals they have for the restructuring of the loan book.β He then disclosed that there had been some positives arising from the COVID-19 pandemic. According to him, Zenith Bank had recently witnessed a massive increase in the number of businesses being transacted through various digital channels.
Apparently, customers who were hitherto disinterested in digital banking are now showing interest. The Zenith Bank CEO then clarified that the pandemic was not only affecting the banking industry alone, βIt affects every aspect of the economy.β He added that, βIn a situation where you have a lockdown of the economy, if you lock down all the agents, there is no way business volume will not be bad or impacted.β
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β’ *Lavita Ricca Investment is Fully Registered with with FGN. with RC NO 1582489( For those Who Think Lavita Ricca is Not Registered)* *Contact Administrator Management Mrs. ELIZABETH TINA On *(09036369810)
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*======== = = ========*
*I know you are skeptical about this because of the negative experience a lot of issues as regards scamming in the MMM. I assure you 101% that you wonβt lose your money this is because I know the risk of this profit oriented business and I know how to avoid them using my trading skills and signals to make only wins and no losses.*
*Are u a worker?*
οΏΌ *Are u a student looking for your school fees? Are u a woman looking for money to pay your children school fees?*
οΏΌ *Are u jobless and u need where u can make source of income?*
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*GOOD DAY MA/SIR*
Have you had about *LAVITA RICCA INVESTMENT* ? am not talking about MMM or Ponzi SCHEME
lavita is a matrix system which give you DOUBLE of your CAPITAL back in (45 min) after registration….
CONTACT:- 09036369810.
LAVITA PACKAGES
β¦10,000ββββ¦20,000βββ
β¦20,000ββββ¦40,000
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NOTE: we credit your account after 45min after registeration.
INTRODUCTION
Lavita Ricca International is a company duely registered under the Coporate Affairs Commission of Nigeria and certified fraud free to do business in Nigeria by the Economic Financial Crimes Commission (EFCC). This is a Nigerian network marketing company founded by Mr. Ifeanyi Alex Monye with itβs Head Quarterβs. The company takes pride in the fact that it stands out amongst other network marketing companies. It has the best compensation plan, affordable and effective services, systems that keeps her customers coming back for more. When you join this company, you get more than their outstanding services.
CONTACT NAME:- ELIZABETH TINA
HOT LINE:+2349036369810
ITS SIMPLE HERE !!!!!!!
We trade with hard currency here like bit coin we make 3tripple of your donation and send you you two part and we benefit one part Example if you invest with 20k within 45mins we make profit of 60k then send 40k to you then profit 20k. This is not mmm where they merge people to donate for each other
You pay directly to us and we credit you directly.
+2349036369810
Note:you get credited in less than 45mins.
CHAT US-UP IF INTEREST FILL YOUR FORM AND START EARNING.
NOTE: You can finish reading this and decide not to take the necessary actions, but the next time you want to complain about not having money, just know that you are on your own problem. π.
AUCTION AUCTION AUCTION!!!!
NIGERIA CUSTOM SERVICE IMPOUNDED VEHICLES 2020 AUCTIONING IS CURRENTLY ON GOING NOW .
IMPOUNDED VEHICLES & DIFFERENT TYPES OF GENERATORS, FOR SALE AT CHEAP AND AFFORDABLE AUCTION PRICE INTERESTED BUYER SHOULD KINDLY CONTACT OR WATSAPP ME ON (07043069364) BAGS OF RICE AND VEGETABLE OIL FOR SALE IN A CHEAP and AFFORDABLE PRICE, BUYER SHOULD CONTACT me ON (07043069364) AVAILABLE VEHICLES AND THEIR AUCTION PRICES ARE:
Toyota 4Runner #750,000
Toyota Avalon #900,000
Toyota Avensis #950,000
Toyota Camry tiny light #450,000
Toyota Camry muscle #850,000.
Toyota Camry Big daddy #650,000
Toyota Corolla #500,000.
Toyota FJ Cruiser #2.M
Toyota Hiace #1.5m
Toyota Highlander #950,000
Toyota Hilux #1.2m
Toyota Matrix #600,000
Toyota Prado #2m
Toyota Rav4 #650,000
Toyota Sequoia #950,000
Toyota picnic #570,000
Toyota Sienna #600,000
Toyota Tacoma #2.7m.
Toyota Tundra #2.5M.
Toyota Venza #3.1M
Toyota Yaris #900,000
Volkswagen Golf 2,3,4 #250,000 /#450,000
Volkswagen Passat #600,000.
Volkswagen Touareg #600,000
Acura MDX #1.3
Acura TL #1M
Acura ZDX #2M
Audi A4 #500,000
Audi A6 #650,000
BMW 3-Series #650,000
BMW 5-Series #980,000
Ford Escape #600,000
Ford Explorer #900,000
Honda Baby Boy #500,000
Honda Accord 03 EOD #860,000
Honda Civic #500,000
Honda Crosstour #1.1M
Honda CR-V #750,000
Hyundai Accent #950,000.
Infiniti FX35 #1M
Infiniti FX45 #1.2M
Land Rover Discovery #3M
Lexus ex 300 #800,000
Lexus Rx330,#900,000
Lexus Rx350,#1.4m
Lexus Rx400, #2m
RANG ROVER SPORT =#2.5M.
Land Rover LR3 #950,000.
MERCEDES BENZ DIFFERENT MODEL.
NOTICE: THE PRICE OF THOSE VEHICLES DEPEND ON THEIR YEAR MODEL.
ADDRESS =WE ARE LOCATED HERE AT OGUN STATE AT IDIROKO CUSTOM COMMAND BESIDES IKPOKIA LOCAL GOVERNMENT.THANKS FOR PATRONIZING WITH US.(NCS)