Nigerian banks not in EM cut for IMF’s global bank stress test
Charles AbuedeApril 12, 2022
BY CHARLES ABUEDE Nigerian banks failed to make the cut of a sample list of Africa’s or emerging markets’ banks used by the International Monetary Fund (IMF) to carry out a Global Bank Stress Test (GST) for the purpose of assessing systemic risk in world banking. The IMF said the stress test was conducted as […]
Opara, Fidelity Bank ED, elected president of CIBN
Businessam StaffApril 11, 2022
Kenneth Opara, an executive director at Fidelity Bank Plc, is the new president and chairman of council of the Chartered Institute of Bankers of Nigeria (CIBN), following his election to the position over the weekend at the 2022 annual general meeting (AGM) held in Lagos. He will assume the position on May 21, 2022 when […]
CBN taps Angbazo, GE’s Nigeria chief, as pioneer CEO of InfraCorp
PHILLIP ISAKPAApril 11, 2022
BY Phillip Isakpa In what would be interpreted globally as a big steal, the Central Bank of Nigeria, the prime mover of Infrastructure Corporation of Nigeria (InfraCorp), the vehicle it is hoping to use to close the huge infrastructure gap in the country, has tapped Lazarus Angbazo, the globally well regarded and sought after president […]
International Breweries Plc- Still strong capacity outlook to taper losses- By VETIVA
Businessam StaffApril 11, 2022
What shaped the past week? Global: Sentiment across the global space was largely mixed this week, as select major markets closed lower w/w, while food and metals commodity prices continued to rally. We also observed sell-side action across energy markets, as Brent Crude and Natural Gas prices fell -3.86% and -7.78% w/w respectively. Moving to […]
DLM Capital Group gets CBN’s approval to operate Links MFB
Charles AbuedeApril 10, 2022
BY CHARLES ABUEDE DLM Capital Group, one of Nigeria’s leading development investment banks, has received the final approval of the Central Bank of Nigeria (CBN) for its acquisition of Links Microfinance Bank and further solidifying the group’s much awaited digital banking entrance and launch. This latest development positions the development investment bank as one of […]
Global crypto funds soar despite N800m Nigeria central bank hammer on 3 banks
Charles AbuedeApril 8, 2022
BY CHARLES ABUEDE Just as navigating the volatile crypto market can be very tricky for even experienced investors, the growth of crypto assets and investments has continued to gain momentum year to date as the asset continues to fight its way back to higher heights and close to its all-time highs since discovery in 2009. […]
How to Properly Set Up and Organize Your Real Estate Business Venture
Businessam StaffApril 7, 2022
Starting a business is no easy task. It takes a lot of hard work, dedication, and planning. If you’re thinking of starting a real estate business venture in the UK, there are a few things you need to set up and organize to make sure your business is successful. This article will discuss some […]
CBN borrowings from commercial banks down 0.45% to N1.35trn in Q1
Charles AbuedeApril 6, 2022
BY CHARLES ABUEDE A few years after Nigeria’s Central Bank initiated the Standing Deposit Facility (SDF) for Nigerian banks on a daily basis to deposit their excess liquidity with the nation’s apex financial institution, the activity trend of the CBN in the first three months of 2022 reveals that there has been a steady fall […]
ABCON intensifies pushback lobby to get members on CBN’s FX framework
Charles AbuedeApril 4, 2022
BY CHARLES ABUEDE The Association of Bureau De Change Operators of Nigeria (ABCON) has intensified its lobby to get its members back on the mainstream of Nigeria’s foreign exchange demand and supply framework, offering a strong analytical pushback on how the Naira has yo-yoed in value without their active involvement in the official template. ABCON’s […]
FirstBank draws attention to how APMs can drive revenue for SMEs
Onome AmugeMarch 29, 2022
BY: ONOME AMUGE First Bank of Nigeria, continuing its goal of promoting the sustainability and viability of Small and Medium Sized Enterprises (SMEs), recently convened its SMEConnect webinar themed, “Leveraging Alternative Payment Methods (APMs) to drive revenue for your business.” The webinar, which updated businesses with current technologies as they concern payments, further demonstrated how […]