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Operators Task Banks on SMEs Lending, Financial Advisory

Following banks’ implementation of reduced charges as recently directed the Central Bank of Nigeria (CBN), analysts and operators have underscored the need for banks to increase lending to growing companies in the small and medium enterprises (SMEs) space to avoid erosion of revenue and boost their bottom-line. The analysts argued that commercial banks must depart […]

Nigerian Banks Spent N200b Preventing Cyber Attacks In 2019

NCS seeks renewed vigour from FG, Private sector to tackle menace Nigerian banks were estimated to have spent about N200billion preventing various forms of cyber attacks on their operations in the country in 2019. The Nigeria Computer Society (NCS), which revealed this, yesterday, said more efforts must be harnessed locally, to curb the growing menace […]

Interbank money market to record N607bn net inflow in June

THE interbank money market is expected to record net inflow of N607 billion this month as well as frequent liquidity mop ups by the Central Bank of Nigeria, CBN, through treasury bills. According to projections by analysts at FSDH Merchant bank, the market will record inflow of about N1.36 trillion in June from the various […]

Stakeholders challenge MfBs on regulatory compliance

STAKEHOLDERS in the Microfinance Bank, MfB sub-sector have stressed the need for operators to understand regulatory requirements in bank examination. Meanwhile, they said that more and stiffer competition from non-banking financial players especially the financial technology (fintech) firms, would impact on the performance of the subsector. These positions were expressed at a one day capacity […]

Banks CEOs Decry Debtors’ Smear Campaign

The Committee of Banks’ Chief Executive Officers in Nigeria has condemned the action of bad debtors who now resort to smear campaigns against banks and their chief executives in order to either delay repaying loans or avoid meeting their debt obligations completely. The Body of Banks CEOs, as the group is known, during a meeting […]

The Advantages of Investments

Investment is the process performed by an investor of purchasing a stock, bond, certificate of deposit, commodity, real estate or another investment vehicle with the expectation of earning a positive financial return over time. One of the primary advantages of investment is that a prudent investor can have their money work for them to earn […]