Tag: banking
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Banking with tears and blood – By Ebun-Olu Adegboruwa
In 2019, I wrote a piece narrating the harrowing experience of customers with virtually all the banks in Nigeria. A friend of mine who is a seasoned banker by all accounts, read it and came to me to explain the challenges of the banking system. The following week on September 24, 2019, I wrote a…
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Several innovations ongoing in banking industry – CBN
Innovations are currently ongoing in the banking industry across the world, Dr Adetona Adedeji, the Acting Director, Banking Supervision Department at the Central Bank of Nigeria (CBN) says. Adedeji,who said this at the 30th Nigerian Economic Summit (NES) in Abuja on Monday, said that these innovations would add v
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Why are insurance companies bigger than banks globally but smaller than banks in Nigeria: A Detailed Analysis
The financial landscape of any country is typically dominated by two powerful sectors: banking and insurance. Globally, insurance companies are often larger and more influential than banks, but this trend does not hold in Nigeria, where banks have a significantly stronger presence than insurance companies. This article aims to explore the reasons behind this divergence,…
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Journalists challenged on reporting in a depressed economy
Seasoned journalist has given tips to practicing media professionals on how best to report in a depressed economy at the just-concluded media seminar organized by Polaris Bank Limited, Nigeria’s leading digital retail Bank.
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Titan Bank completes acquisition of Union Bank
Titan Trust Bank Limited (TTB), a subsidiary of TGI Group completed the acquisition of majority equity stake of 89.39 per cent in Union Bank of Nigeria (UBN) Plc. Trading report at the Nigerian Exchange (NGX) yesterday indicated that a total of 27.34 billion ordinary shares of UBN were swapped in block
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CBN releases GSI framework to check bad loans
CBN GSI framework to check bad loans
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Nigerian banking in trouble – Dele Sobowale
By Dele Sobowale “Impress it on the mind of any man that he can do no wrong; and he will soon convince you of your mistake.” In almost thirty years of writing articles for Nigerian newspapers, it had been my policy to seldom get involved with endorsing individuals for any office – public or private.…
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Why digitisation is vital to banking in Nigeria – CBN
The Central Bank of Nigeria (CBN) has said that digitisation supports effective supervision of the financial system, data access and management. The CBN Deputy Governor, Financial System Stability (FSS) and Chairman, FITC Board, Mrs Aisha Ahmad (CFA), disclosed this during the opening of the 2019 CBN/FITC Continuous Education Programme for Directors of Banks and Other…
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Mobile phone triggers fundamental shift in financial services
Adia Sowho, Managing Director of Mines Nigeria Ltd., a telecom, media and tech business company has said mobile phones had triggered a fundamental shift in the financial services sector of the Nigerian economy. She disclosed this on Tuesday at the Digital PayExpo Conference and Exhibition, which is on its 19th edition, had the theme, FINCLUSION:…