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