Nigerian Banks – Page 3 of 4 – Prime Business Africa

GTCO, First Bank Fail To Make Top Five Performing Nigerian Bank Stocks In H1

Zenith Bank, FCMB, Polaris Bank Set Different Closing Hours Over Presidential Election

Nigerian commercial banks are closing early on Friday due to the Presidential election scheduled to hold on Saturday, various statements have shown. The Deposits Money Banks (DMBs) sent electronic messages to their account holders via SMS, email and their social media platforms.

February 24, 2023

Business·Top Stories

Top 10 African Banks – Why Nigerian Banks Are Missing

Isn’t it surprising that Nigeria – the largest economy in Africa – is missing on the list of top 10 banks in Africa? Indeed, many have expressed shock over this reality. A recent report of a ranking done by Statista, the leading

December 18, 2022

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

Business

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, one of the leading credit rating agencies. Moody’s said the

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 and Access Holdings. Prime Business Africa analysed the financial statements

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 12 other bank’s. According to a special report on the

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 (IADI) Africa Regional Committee workshop on Tuesday, said the high risk

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 are said to be owing network providers about N80 billion

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 will cater to lending needs of women, while asking that

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 must embrace to remain relevant. Ude stated that auditing processes

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 the end of March 2022. The five banks, known as

June 20, 2022

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Nigerian Banks - Page 3

Zenith Bank, FCMB, Polaris Bank Set Different Closing Hours Over Presidential Election

Top 10 African Banks – Why Nigerian Banks Are Missing

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

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Nigerian Banks - Page 3

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