Five Major Banks Post N680bn Bad Loans       Five of the major banks in the country, also known as Tier-1 banks have posted whopping N683bn non-performing loans in the 2020 financial year. According to the financial reports of the banks, released in April this year to the...

Despite COVID-19 Disruptions, Banks Attract N37trn Deposits         Despite the disruptive impact of the COVID-19 and the attendant lockdown, the nine months 2020 financial results of 13 commercial banks have shown that they raked in a total of N36.759 trillion as customers’ deposits. This represented an increase...

Stock Market Extends Loss By N46bn       Transactions in the Nigerian equity market on Thursday closed on a negative note, extending losses to the second consecutive trading day, following profit-taking activity by investors. The market breadth, however, closed positive with 26 gainers against 17 losers. The Nigerian Stock...

Stock Market Halts 12-day Gaining Streak, Loses N144bn       The equities market closed on a negative note on Wednesday as investors sold off shares to take profits after a 12-day gaining streak. The Nigerian Stock Exchange All-Share Index dropped by 275.02 basis points or 0.95 per cent...

Recovering From Loss,Ecobank Posts N70 Billion Profit After Tax   Ecobank Transnational Incorporated (ETI), the parent company of Ecobank Group, has recorded a profit after tax (PAT) of N69.992 billion for the year ended December 31, 2017, which is a recovery from a loss of N52.6...

Ecobank Transnational Incorporated (ETI), has cleaned its books of non-performing loans, by making a provision of N221.7 billion in its 2016 audited accounts. The bank said that its impairment charges, showed a jump of 110.7 per cent compared with N105.2 billion recorded in 2015. It said...