By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Keystone Bank Limited has said it will continue to provide convenient and reliable services to all customers of the bank through the bank’s online and alternative channels during the forthcoming public holiday to mark the Eid-el-Fitri celebration. With this offer, customers of the bank who […]
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Nigeria’s Diamond Bank sees 35 bln naira profit for 2013
Nigeria’s Diamond Bank said it expects to make a pretax profit of 35 billion naira ($219 mln) in 2013, up from 27.5 billion naira last year. Chief Executive Alex Otti said the bank expects to make a 20 percent return on equity in 2013. He added that the lender was […]
Excerpts: Afrinvest 2013 Banking Sector Report — “Standing on the 4th Pillar”
2012 Banking Landscape In 2012, Nigerian banks management faced the challenge of trying to beat high earnings expectations which encouraged them to leverage on the high yield environment and increase exposure to fixed income securities in order to maximize tax free returns. We expect this “treasury focused” investment strategy to […]
