(The following statement was released by the rating agency) Nigerian banks are unlikely to see a repeat of their robust 2012 profits because of increasing pressure on earnings, Fitch Ratings says. Tougher regulations together with higher funding costs are likely to constrain profitability over the next 18 months. The central […]
World News
UBA’s H1 Performance Driven by 20.1% Interest Income Growth
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – The recent performance of the United Bank for Africa Plc (UBA) recently released Half Year (H1) 2013 unaudited result is mainly driven by 20.1 percent (20.1%) growth in interest income to N88.6 billion compared to N73.8 billion it recorded in H1 2012. Afrinvest […]
CBN recovers N9bn excess charges from banks
The Central Bank of Nigeria said on Wednesday in Abeokuta, the Ogun State capital that it had recovered over N9bn excess charges deducted from customers’ accounts by banks across the country. The CBN said it facilitated the recovery of the excess charges in the last one year. The CBN’s Controller […]
