Nigeria’s Union Bank aims to boost its loan portfolio by 30 percent in the second half of 2014, after increasing it by 10 percent in the first six months, targeting retail and business customers, its chief finance officer said. “In the second half we would do 30 percent (in loans). […]
Author: InvestAdvocate
Diamond Bank Reports N25.4 Billion Non Performing Loan
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Diamond Bank Plc on Wednesday reported a N25.4 billion non performing loan (NPL) in the bank’s facts behind the offer at the Nigerian Stock Exchange (NSE) in Lagos Nigeria. Alex Otti, group managing director/chief executive officer (GMD/CEO) of the bank said NPL ratio stood at […]
Nigerian naira slips 0.43 pct on importer dollar demand
Nigeria’s naira fell 0.43 percent against the U.S. dollar on the interbank market on Wednesday after importers brought forward their obligations to take advantage of a recent rally in the local currency. The local unit closed at 161.65 naira to the dollar, weaker than the 160.95 naira it closed the […]