Author: InvestAdvocate

Nigerian banks may record high bad loans

Indications have emerged that Deposit Money Banks may record huge non-performing loans next year. Rating agency, Standard & Poor’s, said on Tuesday that the banks might report increased loan losses amid growth in lending. Bloomberg quoted an analyst at S&P, Mr. Matthew Pimie, as saying, “Banks in Nigeria are expected […]

NDIC to bail out microfinance, mortgage banks

The Nigeria Deposit Insurance Corporation has expressed its readiness to grant financial assistance to deserving Primary Mortgage Institutions and microfinance banks as part of its efforts at repositioning them for better performance in the financial services system. A statement by the corporation on Wednesday quoted the Managing Director, NDIC, Mr. […]

NAHCO’s revenue base hits N7.4bn

The revenue base of the Nigerian Aviation Handing Company now stands at N7.4bn. The new figure emerged at the end of the business year ended December 2012 This amount, which was released to the Nigerian Stock Exchange on Wednesday, showed an increase of 4.2 per cent over the N7.1bn recorded […]