13  banks rake N1.6trn from loans to customers

ADEBISI ADEMOLA Tough operating environment notwithstanding, 13 commercial banks have generated N1.59  trillion interest income on loans and advances to their customers in nine months of 2017. The banks within the period intensified their...

External reserves add $8bn in 10 months

Eight billion dollars has been added to Nigerian foreign reserves in 10 months of the year, making an increase of 30.9 per cent, InsideBusiness...
Bureau de Change

3000 BDC operators get $2.64bn FX supply in 22 weeks

By: Adebisi Ademola In a move to achieve exchange rate convergence and stability, the Central Bank of Nigeria has injected $2.64 billion in 22 weeks to cushion...
agric

GTB, Zenith, Access lift CBN Agric scheme with N15.5bln

Guaranty Trust Bank Plc (GTBank), Access Bank Plc and Zenith Bank Plc have contributed N15.5 billion to agricultural businesses as well as Small and...

CBN defends Naira with $3.47bln in 3 months

ADEBISI ADEMOLA "With injections totalling $3.47 billion between July and September by the Central Bank of Nigeria (CBN) the Naira was stabilised, preventing it from free fall...
Skye bank

Frequent defaults show Skye Bank still ailing

The worst is far from being over for Skye Bank as it is yet to submit its 2016 financial account to the Nigerian Stock Exchange (NSE), making it a...

Sterling, Diamond, FCMB, 2 others provide N117bn for bad loans

With the rising loan defaults by customers owing to the biting economic recession, Five Tier-Two commercial banks comprising Sterling Bank Plc, Diamond Bank and...

Currency crisis crashes travels to Lagos in Africa’s double-digit growth.

With the failure of foreign airlines to repatriate funds and the drop in the operations of Arik Air Nigeria, Lagos traffic is on a...

9 banks 2017 H1 earnings hit N1.07trn

Nine commercial banks grossed N1.07 trillion earning in the first half of the year surpassing N845.17 billion pooled same period in 2016. InsideBusiness' investigation shows...
FMDQ

Access, StanbicIBTC, Ecobank lead in FMDQ’s N67.37trn H1 report

The trio of Access, StanbicIBTC and Ecobank are accountable for the 45.28 percent of the N67.37 trillion turnover of the first half of 2017...