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Not even minding previous accolades for some Nigerian banks by international institutions like Fitch Ratings, Forbes and Banker magazines, a scathing report by The African Report surfaced recently, claiming that only four banks in Nigeria are healthy.
Banks shareholders are agitating for detailed disclosure, in precise term, of how much contribution their off-shore subsidiaries are making to the overall performance of the group given the huge shareholders' funds deployed in setting them up.
The wave of competition caught up with the two card giants in Nigeria last week as they make claims of superiority over each others products.
Lagos — What a man can do, a woman can do better, goes a popular downtown Nigerian street lingo. This particularly used to be the case when gender-based issues were raised. Gradually, however, the slang began to be applied in virtually all professions, the entertainment sector inclusive.
In the beginning, there was Athens, and Athens was the home of indie rock. Then a man named Bryndon said, "Let them be called The Packway Handle Band," and the bluegrass scene began to flourish in that indie rock town. And it was good. "[It started] in a garden, with three bearded guys each wearing fig leaves and daring each other to drink the water - which was whiskey, it turned out," said ...
Shay Quillen: Red, white and blues on the Fourth
Good Monday morning Gambia and welcome to the Dalasi Update (DUD). We are privileged this week to bring to you the trading figures of the Dalasi in relation to other international currencies notably the Pound Sterling, US Dollar and the Euro.
Lagos — Reminiscent of the bearish days that characterised most of last year until March this year, the Nigeria's stock market suffered heavy setback last week, as the basic indicators of the Nigerian Stock Exchange (NSE), unlike in recent weeks, closed crimson red coloured.
The decision by Bank PHB to acquire Spring Bank was seen as the best thing that could have happened to the latter after the consolidation of the six legacy banks - Omega Bank, Fountain Trust Bank, Trans International Bank, Guardian Express Bank, Citizens Bank and ACB International Bank. For the first time, the morale of staff of Spring Bank was said to have been enhanced with the performance ...
I have suffered this week at the coast, everyone. Not just the indignity of a wetsuit when I was too lily-livered to venture into the sea unwrapped, but also some of the most brain-meltingly awful lyrics one has ever had the displeasure of wading through.
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