Dtn 23 4 2018

Page 1

THE

DAILY

TIMES

NIGERIA INDEPENDENT NEWSPAPER. EST. 1926 WWW.DAILYTIMES.NG https://plus.google.com/+DailytimesNgr/posts

dailytimesnigeria

15% profit drop looms in banks - Report

Motolani Oseni

ÏÏÏ As Treasury-bill rates continue to fall, while asset yields are trending south, making it almost impossible to re-price liabilities to match, banks operating in Nigeria have been warned to either find other sources of income or face an average of 15 per cent drop in their Profits Before Tax (PAT) expectation for 2018.

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It is worthy of note that most of the banks operating in the country have had an easy time, earning good income on risk-free government-backed, Naira-denominated securities in the last two years. But researchers at Coronation Merchant Bank in a new report disclosed that that era is drawing Continued on page 6

MONDAY, APRIL 23, 2018 VOL. 3. NO. 635

N150

Newbreed v. Old Brigade: Who faces Buhari in 2019 Ï ‘Only young PDP presidential candidate can reclaim Aso Rock’ Ï ‘We need experienced candidate to defeat incumbent President’ Ï No, delegates will determine our flag bearer - PDP spokesman Same sex law: Don’t listen to British PM, CAN tells Buhari 7 Sen Nwaoboshi: Due process followed in N34bn NDDC contract award 7

Abuja

ÏÏÏ

The tone for real politicking ahead of the presidential contest among

NEW BREED

Dankwambo

Miracle emerges Big Brother winner, gets N45m prize 5 Heritage Bank partners CeLD Innovations to 4 launch Cashtoken

Tunde Opalana,

Sen. Datti

OLD BREED

Atiku

Lamido

L-R: GMD/CEO, UBA Plc, Mr Kennedy Uzoka; His wife, Lotanna; Group Chairman, UBA Plc, Mr. Tony Elumelu and his wife, Awele, at the 2018 UBA CEO Awards where deserving staff of the bank were honoured at Eko Hotel, Lagos... on Saturday

Buhari: The man to beat

others in the 2019 general election was no doubt set by the subtle declaration by President Muhammadu Buhari a fortnight Continued on page 5


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