ADEBISI ADEMOLA

In view of the increasing number and sophistication of cyber threats and attacks, the Central Bank of Nigeria (CBN) has written to other financial institutions in the country, drawing their attention to a draft framework on which it seeks…

The compulsion to curb the spread of the Covid-19 pandemic in the communities and environment of their operations grew the Corporate Social Responsibility (CSR) spending of Nine banks to N16.48 billion in 2020 indicating a 200 per cent…

At a time that the ravages of the COVID pandemic has compelled cost-cutting measures in several sectors, 10 banks have jerked up executive compensation of their directors to N5.75 billion rising 5.2 per cent in the 2020 financial year and…

For being on the offside of its rules which they all acceded to at the entry point, the Nigerian Exchange Limited (NGX) has so far suspended 12 companies between 2017 and 2021, InsideBusinessNG can report. The NGX has its rules which…

A total of six leading banks in Nigeria reported a total of N202.5billion as income from fees and commission charged on customers in the first quarter of 2021 (Q1) that ended March 31, 2021, InsideBusinessNG can report. The six banks are…

As the economy reopens following the easing of restrictions to curb the spread of the Covid pandemic in Nigeria, the number of Automated Teller Machines (ATMs) in operation by the leading banks has become grossly inadequate, situation that…

The private sector secured improved liquidity for its operation in April 2021 following the rise in credit to N31.82 trillion from the N30.65 trillion sourced from the banking sector in January, according to last month's Credit Statistics…

...As Access, Zenith disburse N194.5bn to state workers The trio of Guaranty Trust Bank (GTBank), Access Bank and Zenith Bank Plc issued N204.93 billion to state governments in 2020 to augment their earnings for the execution of…

Deposit Money Banks (DMBs) and merchant banks operating in the country between January and April 2021 have borrowed N4.44trillion from the Central Bank of Nigeria (CBN), InsideBusinessNG can report. This figure is a 91 percent increase…

Wema Bank, Union Bank and four other Tier-2 banks in Nigeria reported N177.73billion bad loans or Non-Performing Loans (NPLs) in 2020, InsideBusinessNG investigation has revealed. The NPL reported by these six Tier-2 banks rose by 4.4 per…