Why CBN was weak in regulating exorbitant prices of local rice
Only recently, the Central Bank of Nigeria (CBN) released its third quarter report on the performance of the Commercial Agricultural Credit Scheme (CACS). The report showed that “At end-September 2019, the total amount released since inception by the CBN under…
Chronic loan defaulters’ colluding with security agencies to kill banks—CEOs
Strong indication has emerged showing that chronic bank loan defaulters have devised a dangerous means of engulfing bank chief executives in campaign of calumny laced with momentary disturbances with hired government security agencies to gag and cause frustrations in going…
How Zenith Bank achieved 40% drop in cost of funds in 2018—GMD
Fresh revelation has emerged on how Zenith Bank recorded about 40 percent reduction in cost of funds in the nine month ending September 30, 2018. In an interview, the group Managing Director of the bank, Mr. Peter Amangbo disclosed that…
Lack of good offers delaying sale of Arik, Aero—AMCON
The Asset Management Corporation of Nigeria (AMCON), has hinted that though there had been several investors both local and foreign coming for two airlines under its watch for core investment, their offers had been abysmal. According to the Head, Corporate…
Drive sound, healthy governance environment in banks, Ecobank boss tells auditors
As part fresh drive to stem potential bank failure and rising nonperforming loans (NPLs) crisis, the Managing Director of Ecobank Nigeria, Charles Kie, has advised audit executives of financial institutions to rely on their independence and unfettered access in banks…
Why NPLs in 14 banks jumped to N177bn in 2017 H1
…As Zenith Bank records profit within the period Fresh fact has emerged on why nonperforming loans (NPLs) of 14 leading commercial banks in Nigeria jumped to N177.3bn within the first half of 2017. Business Hilights observed that whereas the 14…
