Tag: banking
Quick Take| Reduced private sector borrowing seen as Credit to sector...
MON MAY 13 2024-theGBJournal|According to the Central Bank of Nigeria (CBN), Credit to the Private Sector (CPS) declined by 11.9% m/m to N71.21 trillion...
Implications of the proposed recapitalization of Nigerian banks
...The proposed recapitalization of banks should be done in a manner that would minimize shocks and disruptions to the banking system and the economy...
Stanbic IBTC Holdings reports highest increase over the past five years...
...In Q4 23 alone, the group saw 44.0% y/y growth in Pre-tax profits and a 29.1% y/y increase in Net profits to N30.67bn
...The Net...
NIBSS directs banks to disconnect non-deposit financial institutions from transfer list
THUR, DEC 07 2023-theGBJournal|The Nigeria Inter-Bank Settlement System (NIBSS) has directed banks to delist Payment Solution Service Providers (PSSIs), Switches and Super Agents (SAs)...
Special Report| Investment opportunities from FX liberalisation-Hold Naira or US dollars?
WED, JULY 12 2023-theGBJournal |The perennial question for investors is whether to save in Naira or US dollars, assuming, of course, that the choice...
Moody’s downgrades ratings of nine major Nigerian banks
WED. 01 FEB, 2023-theGBJournal| Credit rating agency Moody’s downgraded on Tuesday the credit rating of nine major Nigerian banks: Access Bank Plc, Zenith Bank...
Banking Sector 2023 Outlook| Tight monetary conditions will likely limit risk...
MON. 12 DEC, 2022-theGBJournal| The year 2022 was an auspicious year for investors in the financial market. As the global economy came under significant...
Titan Trust Bank Limited moves to acquire outstanding shares in Union...
TUES, 25 OCT, 2022-theGBJournal| Titan Trust Bank Limited (Titan Trust) has made a Mandatory Takeover Offer (MTO) to Union Bank shareholders, Union Bank announced...
Sterling Bank transitions to a HoldCo
TUE, 27 SEPT 2022-theGBJournal| Sterling Bank Plc, Monday said it has transitioned to a holding company under the name, Sterling Financial Holdings Company Limited,...
Fitch upgrades FBN Holdings to ‘B’, affirms Union Bank of Nigeria...
SAT, 17 SEPT, 2022-theGBJournal| Fitch Ratings has upgraded FBN Holdings Plc's (FBNH) and First Bank of Nigeria Ltd's (FBN) Long-Term Issuer Default Ratings (IDRs)...
