ADEBISI ADEMOLA

Asset Management Corporation of Nigeria (AMCON) in 2020 collected a total of N151.53 billion as levy from Guaranty Trust Bank Plc (GTBank), FBN Holdings, and three other Tier-1 financial institutions operating in the country. The other …

Huge banking sector credit totalling N3.34 trillion from seven banks got to the downstream unit of the oil and gas sector in 2020, making the industry that wriggled through volatility and uncertainty of the Covid pandemic in the year, a…

Leading banks in the country, Zenith Bank Plc, Guaranty Trust Bank plc (GTBank) and United Bank of Africa (UBA) Plc altogether earned a total N42.95 billion as account maintenance fee in 2020. This amount representing 12 percent increase…

Owing to the mop-up in the system,  currency in circulation dropped by 1.8 percent to N2.78trillion in February from N2.83trillion reported by the Central Bank of Nigeria (CBN) in January 2021 InsideBusienss Online findings show that…

The impact of the pandemic that disrupted the global economy was felt on the total remittances from Diaspora which the Central Bank of Nigeria (CBN) says crashed by 71.2 per cent to $5.5billion in 2020. Europe and America where the…

The increasing embrace of e-banking transactions aided by the lockdown measures at the height of the first wave of the Covid infection has taken out N80.75 billion in form of fees and commission expenses from the earnings of five banks in…

Amid weak business activities due to COVID-19 lockdown, Open Market Operation's (OMO) sales by Central Bank of Nigeria (CBN) dropped by 71 per cent in 2020, an investigation by InsideBusinessNG has revealed. OMO is basically a short-term…

The Loan to Deposit Ratio (LDR) policy of the Central Bank of Nigeria (CBN) took a toll on the Nigerian banking sector in 2020, forcing its deposits with the apex bank to dip by a whooping N4.41 trillion by December 31, InsideBusinessNG can…

Lafarge Africa Plc will be seeking shareholders approval to raise N90 billion via right issues and conversion of N100 billion by way of debt-to-equity. The company secretary, Mrs. Adewunmi Alode in a signed document told the…

The Central Bank of Nigeria (CBN) through its Commercial Agriculture Credit Scheme (CACS) has disbursed a cumulative sum of N523.6 billion between 2009 and 2017 to 549 projects. The breakdown of the disbursed amount includes, N273.7…