BANKING
UBA declares N40bn profit, N0.20 interim dividend
The United Bank for Africa Plc posted a profit before tax of N40bn, gross earnings of N166bn and net operating income of N109bn for its […]
Articles by Haruna Magaji
HEADLINES
Buhari’s media aides gets it wrong again!
President Buhari’s media team has been very inconsistent in their strategy in presenting the number one citizen rightly to Nigerians. Since the administration of President […]
BANKING
Heritage Bank allays fears over CBN’s decision
Heritage Bank has described its recent Central Bank of Nigeria suspension along with eight other banks from the foreign exchange transactions over alleged non remittance […]
BANKING
Moody’s, Augusto & Co. affirm Heritage Bank’s capitalisation
Two foremost rating agencies, Moody’s and Augusto & Co. have affirmed that Heritage Bank’s capitalisation remains sound in relation to its low asset risk model […]
BANKING
UBA Records half year profit before tax of N40.270 billion
United Bank for Africa Plc yesterday reported profit before tax of N40.270 billion for the half year ended June 30, 2016, showing a marginal increase […]
BANKING
How Banks’ CEOs Intervene on Ban of Nine Banks from Forex Trading
The Body of Banks’ Chief Executive Officers on Thursday met in Lagos to review the current developments in the industry, especially issues around the ban […]
BANKING
CBN FOREX BAN: Why we are withholding NNPC/NLNG dollar funds – FirstBank, FCMB, others
Some banks on Wednesday clarified their positions on their suspension from the foreign exchange market by the Central Bank of Nigeria over alleged non-remittance of […]
BANKING
FirstBank, FSDH get AfDB’s $350m facility
African Development Bank (AfDB) has approved $350million loans to First Bank of Nigeria and FSDH Merchant Bank Nigeria to support import-export activity of local enterprises. […]
BANKING
Banks’ Non-performing loans rise to N649.63b
BANKS are carrying a heavy load of Non-Performing Loans (NPLs), which rose 78 per cent year-on-year to N649.63 billion last May. The “worrisome” trend should […]
BANKING
CBN lifts FX ban on UBA but other banks remain suspended
The Central Bank of Nigeria (CBN) has deleted the United Bank for Africa (UBA) from the list of nine deposit money banks (DMBs) banned from […]