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Nigerian banking sector

Nigeria Launches itSMF Chapter to Lift IT Standards

Nigeria has joined the global IT service management community with the launch of itSMF Nigeria, a professional forum aimed at improving how technology services are delivered nationwide.

Safety tips for Nigerians trapped in Iran as Middle East conflict escalates

Growing Middle East strikes raise fears for Nigerians in Iran, as safety advice and evacuation calls emerge amid escalating conflict.

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.

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.

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.

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.

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.

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.

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.

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.

Latest articles

Nigeria Launches itSMF Chapter to Lift IT Standards

Nigeria has joined the global IT service management community with the launch of itSMF Nigeria, a professional forum aimed at improving how technology services are delivered nationwide.

Safety tips for Nigerians trapped in Iran as Middle East conflict escalates

Growing Middle East strikes raise fears for Nigerians in Iran, as safety advice and evacuation calls emerge amid escalating conflict.

New report says Tinubu’s economic reforms have worsened cost of living for many Nigerians

A new report says economic reforms under President Tinubu raised living costs, leaving many Nigerian households and businesses struggling.

Nigerian Students Win Funding at AfriVatech Research Pitch

Seven young Nigerian researchers showcased technology solutions for African challenges at the AfriVatech iResearch Fellowship Grand Pitch, with Tife Kerry emerging overall winner.