Haruna Magaji, Author at Financial Watch

Sterling Bank Posts 8% Rise in Net Interest Margin for Q1 2016

April 30, 2016 Haruna Magaji

Sterling Bank Plc‘s effort to improve internal efficiency has paid off as the financial house successfully reduced funding costs and improved profitability of its core […]

N23.29bn: INEC officials, Fidelity Bank refund Diezani’s bribe

April 30, 2016 Haruna Magaji

The Economic and Financial Crimes Commission (EFCC) has recovered N408.7 million from some of the beneficiaries of the N23.29 billion bribe money doled out last […]

Diamond Bank Drags APC Chieftain to Court Over N212m Debt

Diamond Bank posts N6.7bn profit in Q1

April 30, 2016 Haruna Magaji

Diamond Bank Plc on Friday announced a profit before tax of N6.7 billion for the first quarter ended March 31, 2016. The News Agency of […]

Oni joins FirstBank Board as Odubola Retires

First Bank Revenue Down By 82%, May Sack 1,000 Staff

April 29, 2016 Haruna Magaji

One thousand members of Staff of First Bank of Nigeria will lose their jobs, FBN Holdings Plc, the mother body for Nigeria’s oldest and biggest […]

Senate President Bukola Saraki under pressure to resign

BREAKING: Saraki to face 2 more criminal charges at CCT

April 28, 2016 Haruna Magaji

The Code of Conduct Tribunal (CCT) has allowed two additional criminal charges against Senate President Bukola Saraki. In one of the amended charges filed against […]

First Bank sees no need to raise equity after loan losses

April 28, 2016 Haruna Magaji

Nigeria’s biggest banking group FBN Holdings has no need to tap equity markets after an unexpected 119 billion naira ($600 million) loan loss provision last […]

Diamond Bank declares N217bn gross earnings in 2015, profit dips

April 28, 2016 Haruna Magaji

Diamond Bank has declared gross earnings of N217.09 billion for the financial year ended Dec. 31, 2015 against N208.40 billion achieved in 2014. The News […]

Naira down to 320.5 against the dollar

April 27, 2016 Haruna Magaji

The naira has depreciated slightly, exchanging at N320.5 to the dollar at the parallel market. According to NAN, the naira lost 50 kobo on Wednesday […]

Banks threaten to stop using their platforms for TSA

April 27, 2016 Haruna Magaji

Nigeria’s Treasury Single Account (TSA) regime formulated by the Federal Government to shield its resources from pilfering may experience a flop, following hints that lenders […]

Mitsubishi Motors says domestic orders halved since mileage cheating scandal

April 27, 2016 Haruna Magaji

Mitsubishi Motors Corp said that domestic orders have halved since it revealed it cheated on mileage tests, intensifying concerns over whether it can survive considering […]