Shell, Wike and OML 11 – reaching a compromise
A news story in The Sun newspaper of Friday November 27th, 2020 was trigger for this piece. The headline – “Supreme Court affirms Rivers purchase of OML 11, Kidney Island” seemed simple and…
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Nigerian Banks groan under huge write offs
As 2020 dawned, bankers were digging out of the harsh regulatory environment and a stock market rout that sent share price tumbling, as investors continued to dump shares over poor corporate…
Banks feel pain as low-yield environment hits revenue
Nigeria’s largest banks are feeling the pains of a dovish monetary environment as revenues have touched the negative region for the first time in four years.
The largest lenders saw their…
Zenith Bank is Nigeria’s largest lender by total asset as valuations remain…
Zenith Bank Plc is Nigeria’s largest lender by total assets as valuations remain attractive even amid a punitive regulatory environment and deteriorating economy.
Its total asset stood at…
New rules to burden banks as AMCON charge makes up 30% of expense
A proposed new rule by the regulator will be a burden on banks who are already struggling with regulatory induced costs that form the chunk of total operating expenses.
The Federal…