SOLA SOLOMON

Following excess liquidity in the financial system, banks' borrowed funds from the Central Bank of Nigeria (CBN) dropped by 63 per cent to N4.49 trillion in April 2025 from N12.17 trillion reported in April 2024. Banks access lending from…

Amid the improvement in loan quality, the non-performing loans (NPLs) of nine Deposit Money Banks (DMBs) reached an estimated N3.11 trillion in 2024, an independent investigation by InsideBusinessNG has shown. This is an increase…

The loan provisions of 10 Nigerian banks rose to N1.38 trillion in the third quarter (Q3) of 2024, about N113.46 billion higher than N1.26 trillion reported in the 2023 financial year as they move to reduce the negative impact of…

The Central Bank of Nigeria's (CBN) delay in verifying and allotting shares to shareholders who bought into listed banks' rights issues and public offers on the Nigerian Exchange Limited (NGX) is generating concerns in the capital market.…

Positive performance pervaded the equities market section of the Nigerian Exchange Limited (NGX) in three out of five trading sessions, leading to N427 billion market capitalisation that closed the week at N59.534 trillion.  Consequently,…

With the growth in loans and deposits from customers, Ecobank, and five other Tier-1 banks generated N169.05 trillion in total assets as of June 30, 2024, about 40.57 per cent increase from N120.3 trillion reported in 2023 financial year.…

The equities market section of the Nigerian Exchange Limited (NGX) dropped N671 billion on the second trading session in October 2024, prompted by continued portfolio rebalancing by investors. The All-Share Index (ASI) lost 1,167.97…

The Group Managing Director of United Bank for Africa Plc (UBA), Oliver Alawuba on Thursday said the financial institution awaits Securities and Exchange Commission (SEC) to commence its recapitalisation process. He stated this during the…

Despite domestic and foreign macroeconomy challenges, United Bank for Africa Plc (UBA) led four other Nigerian banks to declare a total N171.14 billion interim dividend for the half year ended June 2024. The figure is about a 121 per cent…

The Nigeria's equities market gained N15.7 trillion in nine months of 2024 owing to growing investors' appetite for blue-chip companies. The gain came despite the double-digit inflation rate, unstable foreign exchange market, and soaring…