Nigerian Banks – Page 3 of 4 – Prime Business Africa

Naira Scarcity: Zenith Bank's Profit Drops To N223.91bn, Faces N967bn Lawsuits

Zenith Bank, GTBank, Seven Others Risk Credit Downgrade Over Struggle With Forex

Zenith Bank Plc, Guaranty Trust Bank Limited (GTBank), First Bank of Nigeria (FBN) Limited and six other Nigerian banks have been listed for a possible downgrade in their credit ratings by Moody’s,

Fakoyejo Olalekan

October 17, 2022

Nigerian Banks Rely More On Liquidity, As Borrowing From CBN Rises To N19.8trn

Business·FEATURES·Insights

GTCO, Zenith Bank, Seven Others Lose Revenue Market Share, As Industry Generates N3.14 trillion

Guaranty Trust Holding Company (GTCO), Zenith Bank and five other banks lost their revenue market share in the financial industry in the First Half (H1) of 2022, amid competition from Wema Bank

Fakoyejo Olalekan

October 11, 2022

Business

Wema Bank Emerges Best Performing Bank in Half year 2022

Nigeria’s most innovative bank, Wema Bank Plc, has emerged the best performing bank in the first half of year 2022 financial year with a weighted average score of of 2.83 points, beating

Fakoyejo Olalekan

October 6, 2022

Finance Minister Likens Hardship Caused By Old Naira Deadline To Injury

Business

Risk Of Banks’ Failure High, Threatens Depositors’ Funds – Finance Min. Zainab Ahmed

Nigerian banks risk failing after increase in social-economic challenges across the world, the Minister of Finance, Budget, and National Planning, Zainab Ahmed, has disclosed. Ahmed, during the 2022 International Association of Deposit Insurers

Fakoyejo Olalekan

October 5, 2022

Amid Lawsuit, FG Removes 5% Excise Duty On Calls, Data

Business

Bank Customers Risk Losing Access To USSD Service, As Network Providers Threaten Banks

Customers of Nigerian banks risk losing access to the Unstructured Supplementary Service Data (USSD) of the firms, as MTN Nigeria, Airtel and other telecommunications company threaten to shut it down. Nigerian banks

Fakoyejo Olalekan

September 29, 2022

FG Struggling To Borrow, As Foreign Investors Prefer US, Germany, Others

Business

FG Wants Nigerian Banks To Prioritise Women In Need Of Loan

The Minister of state for industry, trade and investment, Maryam Katagum, has requested that Nigerian banks should prioritise women in their credit facility. Katagum urged the creditors to create gender desk that

Fakoyejo Olalekan

September 29, 2022

Business

How Tech Disruptions In Nigerian Banks Changed Auditing Processes – MD Nova Merchant Bank, Nath Ude

Managing Director of Nova Merchant Bank, Nath Ude, said technology and the pandemic-induced lockdowns have changed the work models of auditors in the financial sectors, and created a new normal that they

Fakoyejo Olalekan

June 23, 2022

Business·Finance & Economy·Insights

Ranking: Five Best Performing Tier-1 Nigerian Banks In Q1 2022

Customers’ deposits in the vault of Nigerian tier-1 financial institutions, First Bank, United Bank for Africa (UBA), Guaranty Trust Bank (GTBank), Access Bank and Zenith Bank rose to N31.58 trillion as at

Fakoyejo Olalekan

June 20, 2022

Business·Insights·Real Estate

House Rent, Cost Of Goods To Rise, As Nigerian Banks Raise Loan Interest

Nigerian banks have began to implement the 13% interest rate to mortgage, corporate and personal loans, after the Central Bank of Nigeria (CBN) raised the percentage in May, by two percents, from

Fakoyejo Olalekan

June 9, 2022

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·News·Top Stories

Pre-election Year: N17tn Bank Deposits Hinged On Naira Depreciation, Investor Apathy

Households and corporates are increasingly becoming risk-averse as Nigeria gets closer to election year 2023, justifiably reflecting concerns around political uncertainties and attendant macro risks. This account for the astronomical rise in

Uduegbunam Chukwujama

May 12, 2022

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Nigerian Banks - Page 3

Zenith Bank, GTBank, Seven Others Risk Credit Downgrade Over Struggle With Forex

Wema Bank Emerges Best Performing Bank in Half year 2022

Risk Of Banks’ Failure High, Threatens Depositors’ Funds – Finance Min. Zainab Ahmed

Bank Customers Risk Losing Access To USSD Service, As Network Providers Threaten Banks

FG Wants Nigerian Banks To Prioritise Women In Need Of Loan

How Tech Disruptions In Nigerian Banks Changed Auditing Processes – MD Nova Merchant Bank, Nath Ude

Ranking: Five Best Performing Tier-1 Nigerian Banks In Q1 2022

House Rent, Cost Of Goods To Rise, As Nigerian Banks Raise Loan Interest

Pre-election Year: N17tn Bank Deposits Hinged On Naira Depreciation, Investor Apathy

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