The Group Managing Director and Chief Executive Officer of Access Bank Plc, Mr Aigboje Aig-Imoukhuede, has projected that Nigerian banks, by the end of the year 2012, will post a total profit, which will be equivalent to about 10 per cent of the aggregate profit of all the banks in […]
Tag: Nigerian Banks
Rapid lending could weaken Nigerian banks – Fitch
Fitch Ratings, an international financial rating agency, has said that the recent rapid credit growth or lending by Nigerian banks may lead to weakened assets. Financial analysts also agreed with Fitch Ratings that there could be problems if Deposit Money Banks did not exercise restraint in giving out loans to […]
Banks shedding of Non-subsidiaries to block Regulatory loopholes
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – Jim Obazee, Executive Secretary/ Chief Executive Officer (EC/CEO) of Financial Reporting Council Thursday said that Nigerian Banks divesting from Non-Banking Subsidiaries will block regulatory loopholes. Obazee said this at the Inauguration of the new Executive Members of the Capital Market Correspondents Association of […]
