20/9/2016/Punch Oyetunji Abioye A number of Deposit Money Banks in the country will close many of what they described as unprofitable branches as the economic recession continues to bite harder, investigation by our correspondent has shown. It was similarly gathered that most of the banks would lay off hundreds of […]

19/9/2016/FICAN —-Praises CBN’s Anchor Borrowers’ Scheme Bank deposits are mainly short-term in nature and lending such funds to customers for long-term can lead to asset mismatch, Managing Director/CEO, Fidelity Bank Plc, NNamdi Okonkwo has said. The bank chief who spoke at the 2016 Annual Conference organized by Finance Correspondents Association […]

Culled—-Proshare September 14, 2016/FBNQuest Research Growth taking a back seat, fast Growth-wise, Nigerian banks are experiencing their slowest year since the last crisis (2009). H1 2016 headline growth rates are flattering (because of the impact of naira devaluation); however, the underlying growth trends are subdued. Excluding the impact of naira […]