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...

Fed Govt Records 17.3% Shortfall In Companies’ Income Tax         Against the backdrop of pressures on the Federal Government’s finances and 2020 budget revenue estimates, an indication has emerged that the government may have already recorded a shortfall of 17.3 per cent in the Company Income...

Banks’ Income From Forex Trading Rose By 114% To N145bn         Notwithstanding the sharp depreciation of the Naira and the acute dollar shortage in the economy, income from foreign exchange trading by Nigeria’s top banks rose sharply by 110 percent, year-on-year, to N145 billion in the...

Six Lending Banks Boost Economy With N1.3trn Credit In 2020         Efforts to grow the nation’s economy has received a boost from the banking sector as six leading banks injected additional N1.337 trillion through loans and advances to their customers across all sectors of the economy...

Stock Market Down By N42bn On Profit-taking         The Nigerian equity market returned to negative territory on Wednesday as investors began to take profits to increase capital gains. Key market indicators, the Nigerian Stock Exchange All-Share Index declined by 0.3 per cent as bargain hunters widen sell-offs...

Stock Market Extends Gains By N55bn          Nigerian stock market sustained its positive outlook on Tuesday to begin the month of December on a positive note as the All-Share Index and the market capitalisation rose further by 0.30 per cent each. Market watchers attributed the development to...