CBN tracking timelines for banks’ recapitalization, sets limits for NPLs
The Central Bank of Nigeria (CBN) may have tactically flagged off planned recapitalization of banks in phases following the setting of fresh limits for exposure to non-performing loans (NPLs) that will reflect in the books of licensed banks and other…
Fidelity Bank’s LDR already above recent CBN’s directive—ED
Leading retail banking giant, Fidelity Bank Plc has given out loans to Nigerian businesses over and above the latest limit 60 per cent Lending to Deposit Ratio (LDR) set by the Central Bank of Nigeria (CBN). Making the revelation on…
Moody’s report sees Diamond Bank’s solvency crisis deepening
Though the Diamond Bank Plc management had denied any form of talks bordering on either buy over or mega loan discussions with any other bank in Nigeria over revelation of its solvency status, the baseline credit assessment (BCA) and adjusted…
Commercial banks’ emerging risks resilience appears to be receding, CBN warns
In view of incessant cyber attacks in commercial banks which had remained largely unreported in the last few years, the Central Bank of Nigeria (CBN) has warned financial institutions to be wary of emerging risks in the financial system. According…
CBN silent on EFCC’s alarm over imminent collapse of some banks due to NPLs
Strangely unlike before, the Central Bank of Nigeria (CBN) is yet to respond to the revelation of the Economic and Financial Crimes Commission’s (EFCC) acting chairman, Mr. Ibrahim Magu, that health of some commercial banks are so impaired that they…
CBN mute as experts join IMF to harp on containing rising banking sector risks
For more than one week after the International Monetary Fund (IMF) advised the Central Bank of Nigeria (CBN) “to contain rising banking sector risks,” the apex bank is yet to response. However, even as the CBN is yet to react,…
CBN ambushes Fitch report, bans banks with high NPLs from dividends pay out
To stem continuous rise in non-performing loans (NPLs) amongst several Tier 2 banks, coupled with the urgency to stop further erosion of the capital base of banks and discount houses, the Central Bank of Nigeria (CBN), has placed a stop…
Two Nigerian banks, Access, GTB on strong footing, Fitch affirms
Two leading money deposit banks in Nigeria, GTBank and Access Bank have rated and given clean bill of health by Fitch Rating in London. Whereas the Guaranty Trust Bank Plc’s (GTB) Long-Term Issuer Default Rating (IDR) has been affirmed at…
How Ecobank recovered $2m NPL in Q1 2017— Ade Ayeyemi
The Group’s Chief Executive Officer of Ecobank Transnational Incorporated (ETI), Ade Ayeyemi, has opened up on the success so far recorded by his group in recovering about $2 million of its non-performing loans (NPLs) in the first quarter of 2017,…
Why 13 creditor banks suddenly seized fire on 9mobile, formally Etisalat
Two weeks of undercover investigations by Business Hilights Economic Research Team (BHERT) on why the rush and aggression deployed by the consortium of 13 banks fighting for their trapped $1.2bn at Etisalat Nigeria, now 9Mobile suddenly eased has paid off….
