Negative trading persisted on the Nigerian Exchange (NGX) Ltd on Tuesday with key market indices dropping further by 0.27 per cent due to end of month rebalancing. Consequently, the NGX All-Share Index closed the last trading day in August negative, dropping 108.06 points or 0.27 per cent to 39,218.61 from 39, 326.67 on Monday. Accordingly, […]
PwC, KPMG, Delloite, Ernst & Young The four biggest global audit firms earned a whopping N6.13 billion from 11 Nigerian banks as audit fees for 2020, a review by PREMIUM TIMES shows. The big four are PricewaterhouseCoopers (PWC), Deloitte , KPMG and Ernst & Young. Data from banks’ corporate reports show that the amount was […]
Nigerian Banks <i>Nigerians conducted electronic transactions in just four payment categories, summing up to N178 trillion in 2020 alone, a half bigger than the N119 trillion reported the year before.</sub> Most Nigerian banks ironically lost e-business revenue in 2020 after the coronavirus crisis-induced lockdowns pushed more people online, with increased online payments and transfers, with […]
Price Waterhouse Coopers building in Oslo seen from the Opera house. In 2020, PricewaterhouseCoopers received the highest earnings of N2.98 billion from auditing three of the big five Nigerian banks called FUGAZ. The four biggest global audit firms earned a whopping N6.13 billion from 11 Nigerian banks as audit fees for 2020, a review by […]
Image: Shutterstock As a listed Pan-African equities portfolio manager, I am fascinated by the enormous amount of private capital that African financial inclusion (fintech) companies have attracted over the last five years. Venture investors have, mostly, paid no heed to the most common risks cited by South African institutional investors such as currency stability and/or […]
A survey of bank charges by the Bank of Ghana conducted in the first quarter of 2021 has revealed that majority of the 23 banks operating in the country do not charge customers’ fees for withdrawing cash from an Automated Teller Machine (ATM). However, almost all of them charge fees for issuance and maintenance of […]
Darasimi Adebisi The Federal Inland Revenue Service (FIRS), and other tax authorities in countries where Nigerian banks operate, generated a total of N450.2billion as tax income from six Domestic- Systemically Important Banks (D-SIBs) in three years, a report by the National Bureau of Statistics (NBS) has revealed. These six D-SIBs are GTCO Plc (formally Guaranty […]
download (3) As elusive as the quest by Nigerian women to achieve gender parity in all spheres of life may seem many women are holding their own in their chosen fields of endeavour. In this report, ENE OSHABA celebrates six Nigerian women leading in the banking industry even as more strive to break the proverbial […]
Ecobank Ghana and GCB Bank continued to show their dominance in the banking industry, controlling almost a quarter of the industry’s deposits in 2020. They controlled about 23.9 per cent of the banking industry market share in terms of deposits in 2020. According to research analysis by investment firm; Tesah Capital, Zenith Bank was the […]
Olusanya appointed Managing Director of GT Bank Guaranty Trust Bank Plc has announced the appointment of Miriam Olusanya as Managing Director. This is according to a notice signed by the bank’s Company’s Secretary, Erhi Obebeduo, and sent to the Nigerian Exchange Group Limited (NGX) on Thursday. Miriam Olusanya is an accomplished banker with over 21 […]
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