Browsing Tag

Nigerian-banks

Nigerian banks face earnings dip after latest CBN policy hike —S&P

China Nwokoji Oct 10, 2022

S&P Global Ratings says banks in Nigeria could see reduced earnings, alongside weaker lending growth and asset quality, after the Central Bank of Nigeria (CBN) raised its main monetary policy rate (MPR; repo rate) by 150 basis points…

Six Nigerian banks make top 1000 Global Banks

Chima Nwokoji - Lagos Jul 4, 2017

SIX Nigerian banks have been ranked among The Banker Magazine’s Top 25 Banks in Africa that was released Monday night, in the magazine’s 2017 1000 Global Banks’ ranking. The banks include Zenith Bank Plc, FirstBank Nigeria Limited,…

Keystone Bank, last of 3 nationalised banks, sold!

Chima Nwokoji - Lagos Mar 21, 2017

The last of three nationalised banks Keystone Bank, formerly known as Bank PHB, has finally been sold. The Asset Management Corporation of Nigeria, AMCON, announced Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited (the…