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Nigerian banking sector

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Ebonyi PDP candidate Ifeanyi Odii vows to end child hawking and “house help culture” with 39,000-place skills plan

Ebonyi PDP governorship candidate Ifeanyi Odii has pledged to end child hawking and domestic child labor through skills centers in all 13 local government areas.
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Makinde calls Wike a liar over N50 billion Ibadan airport claim: “Oyo funded it 100%”

Oyo Gov. Seyi Makinde has accused FCT Minister Nyesom Wike of lying about N50 billion federal funding for the Ibadan airport, saying Oyo paid in full.
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.
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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.
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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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Ebonyi PDP candidate Ifeanyi Odii vows to end child hawking and “house help culture” with 39,000-place skills plan

Ebonyi PDP governorship candidate Ifeanyi Odii has pledged to end child hawking and domestic child labor through skills centers in all 13 local government areas.
News

Makinde calls Wike a liar over N50 billion Ibadan airport claim: “Oyo funded it 100%”

Oyo Gov. Seyi Makinde has accused FCT Minister Nyesom Wike of lying about N50 billion federal funding for the Ibadan airport, saying Oyo paid in full.
News

Vandals strip Lagos-Ibadan Longbridge of solar streetlights, raising fears of night attacks on motorists

Vandals have stripped the Lagos-Ibadan Longbridge of nearly all its solar streetlights, leaving only about 20 standing and raising fears of renewed night attacks on motorists.
News

Dangote picks power over steel with a $10 billion bet on Africa’s grid

Aliko Dangote says his group will invest more than $10 billion in electricity across Africa within four years, possibly cancelling its steel ambitions to fund it.