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Nigerian banking sector

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Son Disputes Cause of Late General’s Death

KEY POINTS Late Major General Rabe Abubakar’s son says his father neither had diabetes...
Politics

APC Picks Kudirat Adegunwa-Balogun as Adeola’s Running Mate in Ogun

KEY POINTS APC has named Kudirat Adegunwa-Balogun as the deputy governorship candidate for the...
Business

First HoldCo Completes Sale of FBNQuest Merchant Bank

First HoldCo completes its divestment of FBNQuest Merchant Bank as Otedola advances a group-wide restructuring strategy.
News

Banks Shift Idle Cash to CBN’s SDF Window

Banks increasingly place funds at the CBN’s SDF window as tightening conditions curb lending appetite and push treasury teams toward safer overnight placements.
Business

Access Holdings Profit Falls 23 Percent Despite Rise in Earnings

Access Holdings reports higher revenue but a 23 percent profit fall in H1 2025, hit by weaker forex gains and rising impairment charges.
Business

Otedola Raises Stake in First HoldCo by ₦2.01 Billion

Femi Otedola increases stake in First HoldCo by N2.01 billion, strengthening his hold in Nigeria’s oldest financial institution.
News

Stock Deals Surge 44% Amid Banks’ Recapitalization Efforts

Nigerian stock deals jumped 44% due to bank recapitalization efforts, signaling increased investor confidence and optimism in the financial sector’s stability.
News

CBN Bailout Facilitates Unity-Providus Bank Merger

The CBN's bailout has facilitated a merger between Unity Bank and Providus Bank, creating a stronger entity poised to enhance Nigeria's banking sector.
News

Nigerian Banks Embrace CBN Recapitalization with Confidence

The ACAMB has confidently backed the CBN's bank recapitalization plan, ensuring stakeholders that Nigerian banks are secure and poised for robust economic support.
Business

13 Banks to Raise N3.31 Trillion, CBN Sets New Capital Rules

In response to CBN's updated capital requirements, Nigerian banks are tasked with raising N3.31 trillion, aiming to bolster financial resilience and support economic growth.

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News

Son Disputes Cause of Late General’s Death

KEY POINTS Late Major General Rabe Abubakar’s son says his father neither had diabetes...
Politics

APC Picks Kudirat Adegunwa-Balogun as Adeola’s Running Mate in Ogun

KEY POINTS APC has named Kudirat Adegunwa-Balogun as the deputy governorship candidate for the...
News

Udenwa Threatens N5bn Lawsuit Against Kenneth Okonkwo Over Extortion Allegations

KEY POINTS Former Imo governor Achike Udenwa has threatened to sue Kenneth Okonkwo over...
News

Retired Army General Buried After Dying in Bandits’ Captivity

KEY POINTS Retired Major General Rabe Abubakar was buried in Katsina after dying while...