banks under pressure to avoid loan loss provision The 13 banks being owed $1.2bn by Etisalat Nigeria has rejected an offer of five per cent equity...
By Odunewu Segun The audited results of 2016 for 14 banks quoted on the Nigerian Stock Exchange (NSE) have shown a 22 per cent increase in...
As lenders become restless By Odunewu Segun Talks between the Nigerian arm of Abu Dhabi’s Etisalat and 13 commercial banks in Nigeria to renegotiate the terms...
By Odunewu Segun President Muhammadu Buhari on Wednesday, again sought the approval of the National Assembly for the federal government to secure about $6.4 billion dollar...
S&P Global Ratings has given its vote of confidence to UAE telecoms operator Etisalat despite its Nigerian subsidiary defaulting on its loan payment. The ratings company...
Guaranty Trust Bank Plc (GTBank) is said to be exposed to Etisalat Nigeria to the tune of N42 billion ($138 million) via a secured loan. The...
GTBank’s loan book grew by 16% from N1.373trn recorded as at December 2015 to N1.590trn in December 2016 with corresponding growth in total deposits which increased...
By Adewumi Ademiju, Ado Ekiti Ekiti State Governor, Mr. Ayodele Fayose has revealed a plan to make N250m revolving loan available to women across the state....
The World Bank has expressed readiness to grant Nigeria a loan of $500 million to enable the country tackle the issue of its teeming out-of-school children....
The Federal Government of Nigeria is in talks with Peoples Republic of China over $4.5 billion loan to facilitate the production of agricultural machineries for large...
