Dividends: CBN Bars Banks With Huge Bad Loans From Paying The Central Bank of Nigeria has stopped the payment of dividends to shareholders by Deposit Money Banks and discount houses with huge bad loans and low capital base. This is due to the rising non-performing loans...

Financial Stocks Lift NSE’s Turnover By N24billion   Heavy transactions in the shares of some banks, especially Sterling Bank, and Skye Bank, last week lifted the volume of shares traded, a turnover of 4.426 billion shares worth N24.236billion were recorded in 29,573 deals by investors on...

Nigerian banks not structured to fund SMEs – Chamber President, Abuja Chamber of Commerce and Industry (ACCI), Mr Adetokunbo Kayode, has said banks are not structured to fund SMEs and  that  the management of the funds for Small, Medium and Enterprises (SMEs) by banks in...

FBN, Sterling, Diamond Bank Lead N335bn Market Gain The equities market, on Tuesday, appreciated by N335bn thus sustaining its positive trajectory for the week. FBN Holdings Plc, Sterling Bank Plc and Diamond Bank Plc emerged as the top three gainers at the close of trading, appreciating...

14 Banks Incur N368.3bn Bad Loans In 9 months Stakeholders in divergent views over implications By Peter Egwuatu THE trending economic recovery news in the third quarter of 2017 (Q3’17)/ first nine months 2017 (9-M’17), did not prevent the banking sector from some misery in...

Bailing Out Banks Costs FG N3trn The Central Bank of Nigeria (CBN) In the last eight years has committed over N3 trillion to bail out distressed banks in the country as part of its effort to sanitise the nation’s banking industry. Just as the sinking...