Chima Nwokoji

4 days ago | tribuneonlineng.com | Chima Nwokoji

NIGERIAN banks must rethink their operating models to provide more value to customers, drive inclusive economic growth, and boost investor confidence, says Subomi Plumptre, CEO of Volition Capital Investment Limited, an SEC-licensed African asset management firm. Speaking on the future of banking in Nigeria, Plumptre highlighted that most commercial banks have relied heavily on low-risk strategies, primarily investing depositors’ funds in government bonds and treasury bills.

4 days ago | tribuneonlineng.com | Chima Nwokoji

THE latest African brand equity rankings have revealed a concerning trend for Nigeria’s banking sector. Despite strong financial performance, the country’s top banks continue to lag behind their African counterparts in brand strength and recognition, underscoring an urgent need for a strategic reassessment. Nigeria’s largest banks posted record earnings in 2024, yet that financial momentum did not translate into brand growth.

4 days ago | tribuneonlineng.com | Chima Nwokoji

IN a bid to strengthen security operations and safeguard assets amid rising operational risks, six leading Nigerian banks collectively spent N36.4 billion on security in 2024, according to their recently released full-year financial statements. This figure highlights the growing cost burden banks are bearing to maintain safety, both for their physical branches and digital infrastructure. Topping the list is Access Bank, which led the pack with a security expenditure of N14.84 billion.

4 days ago | tribuneonlineng.com | Chima Nwokoji

THE International Monetary Fund (IMF) has highlighted a set of policy recommendations aimed at helping central banks in emerging markets—including those across Africa—navigate rising economic uncertainty and build more resilient financial systems. In an address delivered at a National Bureau of Economic Research conference in Istanbul, IMF Deputy Managing Director Gita Gopinath emphasized the critical role of improved governance and communication in shaping effective monetary policy.

4 days ago | tribuneonlineng.com | Chima Nwokoji

NIGERIAN banks recorded a negative opening balance of N255.02 billion in the first quarter of 2025, revealing growing liquidity challenges and financial pressures within the sector amid a volatile economic environment. According to data from the Central Bank of Nigeria (CBN), the average opening position of banks between January and March 2025 stood at a negative N255.02 billion, signaling tighter cash conditions across the financial system.