Ak47mann's Posts
Nairaland Forum › Ak47mann's Profile › Ak47mann's Posts
1 2 3 4 5 6 7 8 ... 195 196 197 198 199 200 201 202 203 (of 251 pages)
0lumide: tell them bigot ![]() |
sanusi is deceiving Nigerians they should remove him, ![]() |
Nigeria’s top nine banks that featured in the Banker’s top global 1000 banks have a combined tier one capital of $11.332 billion. This is lower than the $12.06bn of Standard Bank Group of South Africa which is, by capital base classification, the leading bank in Africa. This fact is contained in the 2011 edition of the Banker Magazine, a publication of Financial Times of London. Bank of America, which occupies the first position in the global ranking, has a capital base of $163.626bn. It is followed closely by JPMorgan Chase with a capital of $142.450bn. The third position is occupied by HSBC, a British bank with a capital base of $133.179bn. China has three banks in the top ten positions while Japan has just one. The Banker Magazine’s endorsement has become an instrument that Central Bankers and bankers seek after as a marketing tool. The low level of capitalization of Nigerian banks, when compared to international standard, is a challenge to regulators who are at the moment busy fragmenting the industry. The Banker Magazine, in its benchmarking of the top 1000 global, bank said that Zenith Bank PLC had, as at 2010, a total tier one capital of $2.405bn. It is followed by the first generation bank First Bank with a total of $2.221bn shareholders stake in the bank known as tier one capital. The third highly capitalized bank by the standard of Bank of International Settlement BIS is GTbank with a tier one capital of $1.362bn. Access Bank followed closely with a capital of $1.149bn. The United Bank for Africa (UBA), one of the oldest banks in the country, had $1.037bn as capital, making it one of the internationally recognized strong banks in the country. Fidelity is next with $904m tier one capital. First City Monument Bank followed closely with $854m capital base. Diamond Bank had $705m while Skye Bank has $695m to feature among the 1000 top banks in the world. However, the Nigerian banks do not rank among the top five in Africa. Zenith, which is the most capitalized bank in the country, ranks sixth in the continent. The top three banks in Africa are those from South Africa, with Standard Bank Group topping the Africa chart with a capital base of $12.062bn and is in the 94th position globally. The second in Africa is the FirstRand Bank Holdings, South Africa, with a capital base of $6.036bn. The Needbank Group Limited also of South Africa came third in the top 25 banks in Africa with a capital of $5.716bn. Attjariwafabank of Morocco, an Islamic Bank, is fourth with a capital base of $2.786bn. Investec of South Africa came fifth in the Banker ranking of the top 25 banks in Africa with a capital base of $2.519bn. According to the Banker, two Nigeria banks featured in the capital adequacy ratio measurement. Fidelity Bank, the Banker, said has a capital to asset ratio of 28.8 per cent, making it the soundest bank in the country. The report also said that First City Monument Bank, with capital to asset ratio of 23.89, made it to the 1000 soundest capital to asset ratio banks in the world. According to the Banker, going by the Bank of International Settlement measure, Zenith was the only Nigeria bank that attained the 1000 soundest BIS ratio of 36. The Banker report stated: “The banking landscape in Africa remains a case of potential unrealised, as its financial institutions’ share of the Top 1000’s overall assets and Tier 1 capital dipped slightly. “However, the lowering of the average cost-to-income ratio in the continent did provide some good news. “Africa’s banks have never constituted a significant share of the Top 1000 ranking, but with about 15 per cent of the world’s population, low levels of bank account penetration and vast natural resources, there should be no question over the continent’s banking potential. “However, this scope for growth is not reflected in this year’s Top 1000 ranking, which featured just 30 African banks. The continent’s institutions accounted for 0.72 per cent of total assets and 1.01 per cent of total Tier 1 capital from the overall Top 1000 World Banks ranking. Both figures are fractionally down from last year. Africa offers huge returns on investment for foreign institutions; A step in the right direction; The Gulf’s Islamic banks are targeting Africa’s opportunities” It further said “South African banks continued to dominate the upper echelons of the African representatives in this year’s “Top 1000 World Banks”, holding four of the top five regional slots and accounting for four of the 10 highest movers. “Standard Bank is once again Africa’s top bank. The Johannesburg-based bank increased its Tier 1 capital to $12.06bn, an increase of 26.15 per cent from last year, and a total almost twice as much as the second ranked FirstRand Bank Holdings’ $6.04bn. This was enough to place Standard Bank in at seventh in the regional highest movers table. “For the most part, Nigerian banks halted the dramatic fall through the regional and overall rankings noted in 2010, following the implementation of much-needed reforms by The Banker’s Central Bank Governor of the Year 2011, Lamido Sanusi. “Nevertheless, the country’s financial institutions certainly did not exhibit dramatic growth. Some, such as Zenith Bank and Guaranty Trust Bank, boosted Tier 1 capital, but others, including Mr. Sanusi’s former employer, First Bank of Nigeria, saw a decline. None of the five new entrants made it into the African top 25, which showed little major movement. Notably absent was Libyan Foreign Bank, which was ranked ninth regionally in 2010 but did not submit data this year. “There are some positive signs, however. The average cost-to-income ratio among African banks was 49.70 per cent, down from 61.87 per cent last year, despite an average increase in operating costs of 19.11 per cent, indicating a healthy increase in profits. “Two Kenyan banks entered the lower reaches of the Top 1000 this year; Kenya Commercial Bank, which was the second highest mover among African institutions, thanks to 87.11 per cent Tier 1 capital growth, and Nairobi-based Equity Bank. “It was a mixed bag for the Egyptian banking sector, one of the African success stories of 2010. The country’s institutions boosted their presence in the regional top 25 to five, but only National Bank of Egypt, Commercial International Bank and Banque Misr actually increased Tier 1 capital year on year. Arab African International Bank and Banque du Caire’s Tier 1 actually fell. VANGUARD NEWSPAPER |
THE National Identity Management Commission (NIMC) has extended the period of the pilot scheme for the issuance of the National Identification numbers (NINs) to two months. The Guardian learnt at the Lagos office of NIMC that, although the enrolment centres were ready with equipment and members of staff and enrolment was ongoing, the process was still being done under the development environment. A source close to NIMC Head Office disclosed at the weekend that approval to commence the actual production was yet to be obtained from the supervising ministry. The Chief Executive Officer, NIMC, Mr. Chris Onyemenam, at a meeting with key stakeholders on the project in Lagos recently, said that the Federal Government would begin the issuance of national identity numbers from today (August 1, 2011). According to Onyemenam, the NIN is an 11-digit number that will be given to every Nigerian, adding that the first set of NINs would be generated on August 1 and the recipients’ biometric data would be collected for national identity management purpose. He noted that the pilot exercise was inaugurated on July 27 across eight locations, including Lagos, Abuja, Bauchi, Bayelsa, Enugu, and Kaduna. Onyemenam said 100 million Nigerians would be issued with their identification numbers in the first 30 months, while the entire populace was expected to have been registered within the next 60 months. The NIMC boss further said that leading consulting firm, KPMG, had been appointed as the project manager to help monitor the implementation of the all-important project. He explained that Chams and One Secure Card Consortium had been appointed as front-end partners for data capture, personalisation of smart ID cards and deployment of smartcard verification devices. This aspect of the project, which is to be financed by the private sector, has already attracted six banks, which are currently doing their due diligence ahead of the final investment decision. According to him, when the numbers are issued, they will be uploaded on to chip-embedded multifunctional smartcards along with the citizens’ personal information. But investigations at the weekend revealed that senior management officials of the commission had insisted on the board’s approval at the minimum, adding that the approval of the supervising ministry, that is the Office of the SGF, will pave the way for obtaining approval for a formal launch to be performed by the president. Besides, the pre-enrolment awareness campaign, which will kick off with the formal unveiling of the official logo of the commission and those of its partners who will manage the enrolment centres had not commenced for the same reasons. Sources further confirmed that the management of the NIMC Programme Management Office was against a kick-off with only eight enrollment centres for the pilot scheme of such a national project within a short period of time, hence the need for extension. source GUARDIAN NEWSPAPER |
~Bluetooth: ![]() |
igbos use to rule bini before ![]() |
otapiapia:no he landed with his head, thats why his ears shifted behind his back if you want evidence take a look at abiola pix ![]() |
alj_harem:look forget about the food from the north, southern Nigeria got enough resources-es both human and natural to import food days of relying for northern farmers will soon be over even with your so call claim that we rely on north to feed sound like a big lie cos Nigeria still spends over 3billion dollars on food importation so whats the need of you people northern Nigeria knows that they dont contribute up to 20% on Nigerians economy you have already created sharia in most of your states but still collect tax money from alcohol why are you northerners being so hypocritical ![]() |
emmke:hurry up hurry up park and go what are you waiting for go enjoy your sharia states the same south that north rely for survival still get mouth to talk you people are showing us already that you want to secede from the union pls hurry up park and go, or do you want referendum?look the problem is that lets be truthful to ourselves we all tired of staying together as one country but no one have the liver to come out and voice it out, but u can feel it is on the air, people are getting tired of that name "Nigeria" you can tell, if anyone think am talking nonsense let try and organize a simple referendum like if we Nigerians are happy the way the country is going our poor infrastructure high cost of food,no jobs,no security to protect life and properties,no good transportation, interest rates is very high etc etc and watch and see who will vote for 0ne Nigeria and who want to secede from the union you will be shock the amount of people that will turn up will be more than last election x4 ![]() |
Finecat:keep ur insult to your father ![]() |
2mch: ![]() |
dem_people:WORD!!!!!!!!! ![]() |
alj_harem:the same way igbos are indigenous to rivers and delta even in films the indigenous always speaks igbo language but in rivers their are other groups too why speak only igbo?when western countries portray people from those areas as igbo s, |
odumchi:[/b] never knew b4 |
alj harem the igbo hater dont wan to believe we develop their stinking desert for them. mumu and ABUJA does not belong to the north he should look some were else even Abuja indigence, don't want Hausa in their land i have a friend his from Abuja he said no way they can let Hausa take their land, |
1 2 3 4 5 6 7 8 ... 195 196 197 198 199 200 201 202 203 (of 251 pages)



even with your so call claim that we rely on north to feed sound like a big lie cos Nigeria still spends over 3billion dollars on food importation so whats the need of you people
northern Nigeria knows that they dont contribute up to 20% on Nigerians economy