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Nigerian banking sector

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South Africa releases Fani-Kayode’s speech after protest over livestream omission

South Africa released Femi Fani-Kayode’s speech after the Nigerian high commissioner questioned its absence from a livestream of a diplomatic ceremony.
News

Amupitan denies owning pro-APC X account amid questions over INEC neutrality

INEC Chairman Joash Amupitan has denied operating an X account accused of expressing support for the APC and President Tinubu during the 2023 elections.
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

South Africa releases Fani-Kayode’s speech after protest over livestream omission

South Africa released Femi Fani-Kayode’s speech after the Nigerian high commissioner questioned its absence from a livestream of a diplomatic ceremony.
News

Amupitan denies owning pro-APC X account amid questions over INEC neutrality

INEC Chairman Joash Amupitan has denied operating an X account accused of expressing support for the APC and President Tinubu during the 2023 elections.
News

EU warns of rising violence, hate speech ahead of Nigeria’s 2027 elections

The European Union has expressed concern over election-related violence, hate speech and political intimidation in Nigeria as preparations continue for the 2027 general elections.
News

Nigerian-born Emehelu makes history as New Jersey Lieutant governor

Nigerian-born lawyer Shirley Emehelu has assumed office as New Jersey's lieutenant governor, becoming part of a historic female-led state administration.