Following the recent proscription of the violent Islamic sects, Boko Haram and Ansaru, by the Federal Government, the Central Bank of Nigeria has ordered banks to check the activities of the terrorist groups. The central bank in a letter to all banks on Wednesday, directed them to check their database […]
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NDIC re-strategises to address banking sector challenges
The Nigeria Deposit Insurance Corporation has begun moves to re-strategise its operations to enable it to effectively address emerging challenges in the banking sector. The Managing Director/Chief Executive, NDIC, Alhaji Umar Ibrahim, disclosed this on Wednesday in Abuja during a retreat organised for board members of the corporation. He said […]
Analysts predict 42% gain for Nigerian banks
Nigerian bank stocks, trading at a discount to emerging-market lenders, will probably extend their gains to 42 per cent this year as they boost capital and finance oil and power projects, Vetiva Capital Management Limited has said. The analysts said the gauge for Nigerian banks had gained 34 per cent […]
