Awosika breaks silence after sack as First Bank chair

Sacked former chairman of First Bank Nigeria Limited, Mrs. Ibukun Awosika, has insisted the decision to sack reinstated Managing Director of the bank, Adesola Adeduntan, was taken in the best interest of the institution. She said she maintained consistency in her contributions to development of the bank in over five years as chairman. Awosika explained […]

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New loan benchmark may trigger asset bubble in banks

NPL 20% above the maximum threshold, may affect dividend payout Experts blame weak economy, harsh business environment Economists urge banks to observe due diligence in approval, strengthen risk framework CBN Governor Godwin Emefiele There are mounting concerns over the increase in banks’ toxic assets and the potential bubble from Loan to Deposit Ratio (LDR) as […]

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GTB targets payment, asset management, PFA, others under HoldCo

Says claims of high cost of operation exaggerated Assures move will enhance value addition for shareholders Urges CBN to take a position of cryptocurrency Having obtained regulatory approval in principle, GT Bank Plc plans to join some of its peers in the banking sector to diversify its financial services under a holding company (HoldCo), which […]

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Access Bank named Africa’s best digital bank

For its continued investment in digital innovation, Africa’s largest retail bank, Access Bank PLC has been recognised as the ‘Best Digital Bank in Africa’ by Asian Banker. The announcement was made at the Asian Banker Middle East and Africa Regional 2020 Awards virtual ceremony. Access Bank, over the years, has leveraged technology including advanced analytics, […]

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