Unity Bank Plc raked in N1.1 billion in loan recoveries at the end of the third quarter ended September 2021. This reflects a major leap from only N15 million the bank recovered at the end of the same period last year. An additional loan…

Loan recoveries of close to N46 billion provided the quickening force that saved Ecobank Transnational Inc.’s profit at the end of the third quarter of 2019. The bank recorded an outstanding growth of 106 percent in loan recoveries that…

MICHAEL MOSES.   The profit prospects of Fidelity Bank for the 2019 financial year is brightening up again with the operating momentum that was gained in the second quarter from credit loss write back. A net loan loss write back of…

MICHAEL MOSES. Loan recoveries of nearly N25 billion was the big event for Ecobank Transnational Inc’s earnings records in the first quarter of 2019. Advancing from about N7.4 billion in the same period last year, loan recoveries…

Ekiti State Government on Tuesday issued a 15-day ultimatum to nine Micro Finance Banks (MFB) to recover the Micro, Small and Medium Enterprises (MSME) loans disbursed to their customers across the state. The government gave the…

UMORU ABDULKADIR The Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed says the Federal Government has resolved to recover N614 billion loan facility from 35 states of the federation. The minister who…

Human rights lawyer Femi Falana has called on the Federal Government to recover over $120.5 billion and N66.4 billion allegedly owed by the oil sector. Human rights lawyer Femi Falana has urged the Attorney-General of the Federation,…

The Group Managing Director of United Bank for Africa, (UBA) Plc, Oliver Alawuba, has explained that the bank’s inability to declare a final dividend for the 2025 financial year was due to the directive of the Central Bank of Nigeria’s…

The Academic Staff Union of Universities has rejected the Tertiary Institution Loan scheme launched by the Federal Government, describing it as an insult to the sensibilities of tertiary workers and the height of mockery of the Nigerian…

Cadbury Nigeria Plc returned to profit in the first quarter, but the company is far from recovering from two years of huge losses.  After a N7.3 billion loss in the first quarter of last year, the beverages and confectioneries…