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Nigerian banking sector

Culture

Mo Abudu to open UK’s first cinema hub for African and Black films

Nigerian media mogul Mo Abudu will open EbonyLife Place London in October, describing it as the UK's first cinema hub for African and Black films.
Politics

Opposition parties begin talks on single candidate for 2027

Six opposition parties under the G-100 platform will meet in Abuja on August 18 to explore fielding a single candidate for Nigeria's 2027 general 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.

Latest articles

Culture

Mo Abudu to open UK’s first cinema hub for African and Black films

Nigerian media mogul Mo Abudu will open EbonyLife Place London in October, describing it as the UK's first cinema hub for African and Black films.
Politics

Opposition parties begin talks on single candidate for 2027

Six opposition parties under the G-100 platform will meet in Abuja on August 18 to explore fielding a single candidate for Nigeria's 2027 general elections.
News

Visa processing shift won’t affect Abuja embassy operations, US says

The US Mission in Nigeria says moving routine visa processing from Abuja to a Lagos hub will not affect the Abuja embassy or valid visas.
News

Visa applications from Nigerians to South Africa double despite xenophobia, envoy says

Visa applications from Nigerians to South Africa have almost doubled in recent months despite xenophobic attacks, the country's consul-general in Nigeria says.