Nigerian banks’ Africa foray faces major test
Nigerian banks are finding out the hard way that the grass is not always greener on the other side as the country’s biggest banks are incurring billion-naira impairment costs from their…
Browsing Tag
Nigerian banks
Nigerian banks hooked on non-core lending income despite CBN push
Nigerian banks are still largely reliant on income from other non-core banking functions to boost revenues and juice earnings, despite efforts by the Central Bank of Nigeria (CBN) to get…
Nigerian banks pushing into Africa find landmines in the field
Nigerian banks are finding out the hard way that the grass is not always greener on the other side as the country’s biggest banks are incurring billion-naira impairment costs from their…
Jostling for more cash, banks grow liquidity by 28%
In a bid to have more liquid assets to pay off current liabilities, the biggest banks in Nigeria have collectively reported a 28 percent increase in total cash and cash equivalents reported…
Banks’ borrowing from CBN triples in four months
Commercial banks' borrowing from the Central Bank of Nigeria (CBN) surged by 204.71 percent in four months, signalling that they faced a liquidity squeeze in the period as the country's…