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Sky High Diesel Prices to Balloon Nigerian Banks Operating Expenses
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The energy crisis as evidenced by the skyrocketing price of diesel oil will further balloon Nigerian banks operating expenses, forcing them to embark on...
GTCO is Most Efficient Bank With 42.28% Cost to Income Ratio
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Guaranty Trust Holding Company (GTCO) Plc is the most efficient bank in Nigeria as it has the lowest cost to income ratio among peer...
Nigeria Insurers Capacity to Underwrite New Policies Decreasing
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The capacity of Nigeria Insurers to underwrite new policies is decreasing because while premiums are increasing there is not a corresponding rise in policy...
Banks Groan Under Excessive AMCON Charges
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In the last six years, Nigerian banks have incurred N850.89 billion in Asset Management Corporation (AMCON) charges as they groan under the excessive regulatory...
Nigerian Airlines Could Hedge Against Fuel Costs as Savings Measure
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Kenya Airways’ latest moves to hedge against fuel prices as part of measures to reduce operating costs is some model Nigerian airlines can tap...
GTCO Internet and Mobile Banking Surges on Introduction of Telco Charge Â
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Guaranty Trust Holding Company (GTCO) Plc has seen an increase in transactions on internet and mobile banking platforms which was buoyed by the introduction...
United Bank for Africa Plc: Non Interest Income Underpins Profit
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United Bank for Africa Plc, non Interest Income is driving growth as the just released Full-Year financial statement of the pan African lender showed.
United...
Dangote Cement Outperform Peers on, Margins, ROE
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Dangote Cement Plc has outperformed peer rivals in all financial metrics, as it continues to deliver a higher return to shareholders, which is why...
5 Reasons Why Banks are Cutting Dollar Limits on Naira Cards
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Nigerian lenders including Zenith Bank, First Bank, GTCO and United Bank for Africa (UBA) are cutting dollar limits on Naira Cards or suspending dollar...
Facebook, Instagram say will not block violent speeches against Russians
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US Company Meta will permit its Facebook and Instagram social networks not to block users’ calls for violence against Russian citizens and soldiers, in...