HEADLINES
A.M. Best upgrades ratings of African Reinsurance Corporation
A.M. Best has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit rating to “a” from “a-” of African […]
Articles by Haruna Magaji
BANKING
AfDB approves $150m line of credit for UBA
Board of directors of the African Development Bank Group (AfDB), through its private sector window, has approved a $150-million line of credit for United Bank […]
HEADLINES
Nigeria’s Non Performing Loans ratio jumps to 10.1%
The Nigeria’s Non Performing Loans, NPL, ration stood at 10.1% as at April, 2016, the Central Bank of Nigeria has said. The sudden rise in […]
BANKING
Banks move to limit over-the-counter withdrawals to N10,000
Customers of Deposit Money Banks, DMBs, may be faced with a new across-the counter cash withdrawal limit to be pegged at N10, 000. It was […]
BANKING
UBA Receives $150million Credit Line from AfDB
United Bank for Africa, UBA Plc has secured a $150million Line of Credit, LOC approved by the board of directors of the African Development Bank […]
BANKING
CBN to mop banks’ liquidity before unveiling FX policy
The Central Bank of Nigeria (CBN) intends to aggressively mop up liquidity surfeit in the nation’s banking system before unveiling any new foreign exchange (FX) […]
BANKING
Nigerian interbank rate drops as liquidity persists
Nigeria’s overnight interbank rate rose to an average 4 percent on Friday, up from 3 percent previously, as the central bank’s attempt to mop up […]
BANKING
Union Bank Improves with modern technology, Unveils New Branch
As part of efforts to deliver simpler and smarter banking to its teeming customers, Union Bank of Nigeria Plc has unveiled a new branch with […]
BANKING
10 customers win UBA’s free trip to Kenya
Ten winners have emerged from the United Bank for Africa Plc’s Remittance Awoof Promo. The lucky customers will enjoy a three-day all-expense-paid trip to Kenya […]
BANKING
Systemically important banks account for N18.15trn banking sector asset
Domestic Systemically Important Banks (D-SIB) accounts for N18.15 trillion or 68.9 percent banking sector total asset of N26.4 trillion at the end of December 2015, […]