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GTBank, Access, Sterling Bank Bad Loans Surge as Economy Slows

Guaranty Trust Bank (GTBank), Access Bank, United Bank for Africa (UBA), and Sterling Bank have seen rapid acceleration in bad loans compared to peers...

Nigeria Faces Tough Choices Over Move to Transmute SARS to SWAT

The Nigerian Government faces tough choices after disbanding the controversial Special Anti-Robbery Squad (SARS) whose activities triggered ongoing protests and replacing it with a...

European Gasoline Crack Spreads Fall as Exports to Nigeria Slides

European Gasoline crack spreads trended downward as exports to Nigeria fell in August by 16 thousand barrels per day (tb/d) to 0.30 million barrels...

Lagos Takes 79 percent of Bank Loans in Nigeria

Lagos State recorded the highest credit by geographical distribution in Nigeria with N14.92 trillion in bank loans accounting for 78.94 percent while Yobe State...

Listed Insurers Realize N19.67bn Investment Income as Profit hits Four Year High

The largest listed insurers in Africa’s largest economy are reaping the rewards of parking their money in government securities as strong growth in investment...

NASS Gets N128 billion as Buhari Presents N13trn 2021 Budget

The National Assembly (NASS) will be funded with N128 billion in 2021. This is as the President Muhammadu Buhari, admitted that the Federal Government is...

Insurers Retiree Life Annuity Portfolio up 1.58% to N376.5bn in Q2

The Retiree Life Annuity (RLA) portfolio of Nigerian Insurers recorded a total of 83,917 contracts purchased for premium of N376.5 billion as at end...

Listed Companies’ N99.13bn net loss Flash Economic Warnings

Twenty-six Nigerian companies fell off the cliff as they collectively posted a net loss of N92.13 billion in the second quarter, which could be...

Stock-Market N3.4trn Rally Led by MTN, Dangote, GTB, Stanbic, BUA

The explosive rally in the Nigerian Stock-Market that has added N3.4 trillion in market capitalization since the lows of April 08 have been led...

Nigerian Banks Under Pressure to Make Deeper Cost Cuts

Top Nigerian banks must make deeper cost cut to drive earnings growth, with revenue expected to remain under pressure for the foreseeable future, analysts...

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