Nigeria Bank Review

Fitch Ratings has affirmed First City Monument Bank Limited's (FCMB) Long-Term Issuer Default Rating (IDR) at 'B-'. The Outlook is Stable. A full list of ratings is at the end of this commentary. Key Rating Drivers IDRS, VR AND National Ratings The IDRs of FCMB are driven by its standalone credit profile, as defined by its Viability Rating (VR). This reflects FCMB's weak financial metrics, partly due to the bank's limited company profile and higher-risk business model, as well as the challenging operating environment in Nigeria. The operating environment in Nigeria remains tough, with the country having recently emerged from a recession. Although access to foreign currency (FC) has eased, many borrowers retain limited capacity to service obligations and there are few opportunities for banks to grow their loan portfolios. FCMB's modest franchise is illustrated by the bank's small (4%) market share of domestic credit. In our view, this drives a high-risk busin...

By patrimonio - 21:23, 06 Dec, 2018 Tags:  BVN It's a known rumour that your Bank account can be accessed using your Bank Verification Number and your funds can easily BE siphoned. Banking experts and financial analysts claimed your BVN can only serve as a link to your Biometric not your account information.  But to be on the safer side, it'll be well said if your BVN is well kept and secret from other system whatsoever. Softwares are being developed day in day out, and Hackers are increasing their mode of operations. Once again,  Bankingtipsng.com.ng advice to you Is that YOUR BVN IS SAFE WITH YOU ALONE

This post covers the updated sort code for Fidelity Bank.  As a user of fidelity bank, you should know the sort code of your Bank.  The list goes as Branches first followed by the sort code  UNIBEN, Ugbowo…………………………………..070041358 MARARABA…………………………………..070361342 IRE AKARI BRANCH…………………………………..070151332 APAPA PARK LANE…………………………………..070151329 GUSAU…………………………………..070371316 NSUGBE…………………………………..070021307 ONITSHA STOCK EXCHANGE…………………………………..070021297 AKOKA…………………………………..070151280 ABEOKUTA…………………………………..070171273 AUCHI…………………………………..070041264 EKPOMA…………………………………..070041251 PH/ABA ROAD…………………………………..070211243 PHC GRA PHASE 1…………………………………..070211230 UNIVERSITY OF SCIENCE,PHC…………………………………..070211227 RIVERS STATE SECRETRIAT…………………………………..070211214 YENAGOA 2…………………………………..070321201 LOKOJA…………………………………..070281192 UROMI…………………………………..070041183 BRIDGE HEAD…………………………………..070021174 BAUCHI…………………………………..070031164 JALINGO…………………………………..070301153 ORLU…………………………………..070101146 MUSHIN…………………...

A financial expert, Prof. Uche Uwaleke, on Wednesday expressed optimism that the Nigerian stock market would rebound by the second quarter of 2019. Uwaleke, Head of Banking and Finance Department, Nasarawa State University, Keffi, expressed the optimism in an interview with the News Agency of Nigeria in Lagos while reacting to the persistent lull in the nation’s bourse. He said the equities market would rebound after the general elections beginning from second quarter of 2019. Uwaleke noted that his optimism was based on reduced political risk, return of foreign investors, favourable oil price and strong fundamentals. He said investors should not panic but recognise that the stock market, like every other market, was prone to business cycles of up and down. Uwaleke said investors must be encouraged not to panic and be selling down but be patient and wait for the market to rebound possibly after the elections next year. He said the major reason for the downturn was the exit of foreign i...

This article covers the complete process of registering and opening wema Alat Account  How To Open A Wema ALAT Account You want to open a Wema ALAT Account? You can do that within few minutes on your smart phone. Here are the procedures: •Download and install the ALAT app on your device from your app store  •When you are done downloading, open the app on your phone •Click on "sign up" and enter your Bank Verification Number (BVN) and your phone number (a valid one) NOTE: Your BVN will be used to retrieve all your personal information which is on the CBN database, so you don't have to bother filling any long form when signing up. At this juncture, your Wema ALAT Account is opened and functional, but to be eligible to make withdrawals, ATM payments etc, there are some steps needed to be taken. •You'll be needed to upload a photo of your valid means of identification eg your international passport, your driver's license, your national ID card etc, with a photo of you...

Zenith Bank – Total Assets – ₦4.2 trillion : This bank is the richest bank in Nigeria, with a total assets of 4.2 trillion Naira. Zenith was established in 1990, and currently employs more than 4, 000 people. First Bank of Nigeria – Total Assets – ₦3.8 trillion: Taking the number two spot on this list of the top 10 richest bank in Nigeria 2018 is First Bank of Nigeria was founded in the year 1894. This bank was rated a Superbrand in 2007. Guaranty Trust Bank – Total Assets – ₦2.4 trillion: This bank has assets worth ₦2.4 trillion, and has shareholder funds of more than ₦300 billion. GTBank employs more than 3,500 people and operates through a network of around 200 offices in Nigeria. Access Bank – Total Assets – ₦2. 2 trillion : Access Bank has assets of around ₦2.2 trillion. The headquaters of this bank is at Lagos State, and has more than 300 branches nationwide. This bank was founded in the year 1989, and has over the years transformed from an obscure Nigerian bank into a world clas...