Four Nigerian banks among top 500 banking brands in the world in 2016

According to the 2016 Top 500 banking brands ranking published in the February edition of The Banker magazine of Financial Times Group in conjunction with Brand Finance, London, United Kingdom, First Bank of Nigeria is in 320th position out of 500 top banks in the world in 2016. It has moved up from it's former position of 336th from last year.

First Bank of Nigeria Limited retained its number one banking brand ranking in Nigeria for the fifth consecutive year in the global ranking of banks by The Banker magazine.

Why Nigeria's plans for a dream Eldorado city are not radical enough

(CNN)The government of the state of Lagos -- Nigeria's former capital -- has proudly proclaimed it is building a new city that will become the new financial center of Nigeria, and perhaps West Africa. The scale of the Eko Atlantic project is immense and progress is being achieved through a team effort between investors, planners, engineers and contractors.

Pitched as Africa's answer to Dubai, Eko Atlantic is a multibillion dollar residential and business development that is located as an appendage to Victoria Island, and along the renowned Bar Beach shoreline in Lagos. The plan is that it will:

• Consist of ten square kilometers (3.86 square miles) of land reclaimed from the Atlantic Ocean
• Be home to quarter of a million people and employ a further 150,000 people who will commute on daily basis
• Be billed as a 24-hour, green-conscious, world-class city; and
• Attract and retain top multinational corporations

Senators, Businessmen, politicians make list of chronic bank debtors

Nigerian Deposit Money Banks on Monday continued with the policy of naming and shaming their delinquent debtors with further publication of the names of firms and their directors whose loans have become non-performing for more than one year.

While nine banks published the names of the loans defaulters on Monday, four banks released the lists of their chronic debtors, owing a total of N143.81bn, on Tuesday. The four banks are First Bank of Nigeria Limited, Access Bank Plc, Diamond Bank Plc and Unity Bank Plc.

The banks, which had published the list of their delinquent debtors on Monday were Zenith Bank Plc, Guaranty Trust Bank Plc, Union Bank Plc, Sterling Bank Plc, Skye Bank Plc, Fidelity Bank Plc, Stanbic IBTC Bank, Heritage Bank Limited and Enterprise Bank Limited.