Ecobank writes off N221.7b loan, posts N50b loss upon resilient performance
Ecobank Transnational Incorporated (ETI), has announced the cleanup of its books of non-performing loans, by making a provision of N221.7 billion in its 2016 audited accounts. The results released on the floor of the Nigerian Stock Exchange (NSE) on April…
3 factors that compelled 3 commercial banks to fail latest CBN’s solvency test
Three banks, two among them highly rated (names with held) have failed stress test conducted by the Central Bank of Nigeria (CBN). Three major factors that collapsed the asset quality and strength of the banks include negative Gross Domestic Product…
AMCON, banks, foreign investors’ line up for hostile acquisition of debt-ridden Etisalat
The state of non-performing loans and chronic debt profile of hitherto bustling telecoms giant, Etisalat has started to elicit takeover discussions amongst three set of groups including the traditional bad debts buyers, Asset Management Company of Nigeria (AMCON), banks and…
