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Wema Bank at 70 Years: The True Situation

One of Nigeria’s mid-tier lenders, Wema Bank Plc on April 09 came to the Nigerian Stock Exchange (NSE) for a “Facts behind the Figures”. Peter OBIORA of InvestAdvocate in his… Read more »

Few Nigerian banks may collapse in 2016 – Report

A new report by Allan Gray Group has stated that a few Nigeria banks may go bust or raise capital next year. The report, which examined the lenders’ performance as… Read more »

Union Bank Offers N4 Billion Gas Plant Facility to PNG Gas

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier lender, Union Bank of Nigeria Plc (UBN) on Friday announced a N4 billion loan to PNG Gas Ltd to finance Egboama Gas… Read more »

Naira Traded N210 to One Dollar in Black Market, Weakens 0.93%

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian naira on Wednesday traded N210 to one (1) dollar in the black market same position it traded the previous session, Proshare daily exchange… Read more »

CBN promises to enhance e-payment efficiency

The Central Bank of Nigeria has promised to enhance the efficiency of electronic payment system in the country. A statement by the lender on Tuesday quoted day the Principal Manager,… Read more »

CBN to review IT standards in banking sector

The Central Bank of Nigeria in collaboration with the Information and Technology Standards Council is reviewing the IT standards blueprint in the banking sector. The aim is to align the… Read more »

FCMB of Nigeria Chief Says Foreign-Currency Curbs Hurting Banks

April 16, 2015/Bloomberg Nigerian lender FCMB Group Plc said restrictions in foreign-currency trading are the biggest risk to banks in Africa’s largest economy as they struggle against a slump in… Read more »

Financial Inclusion: 700 Million Adults Hold Bank Accounts Globally-Report

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- The number of people worldwide having an account grew by 700 million between 2011 and 2014. 62 percent of the world’s adult population has… Read more »

Regulator Frowns on Issuance of Dud Cheques

April 13, 2015/Thisday The Central Bank of Nigeria (CBN) has rolled out punitive measures for bank customers that are fond of issuing cheques against unfunded accounts. The central bank, which… Read more »

Naira Appreciates N206/$1 in Black market on CBN Sales to BDCs

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The naira on Wednesday traded N206 to one dollar ($1) appreciating in the parallel market (black market) recording 1.44 percent gain when compared to its… Read more »