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Nigerian banking sector

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Hayatu-Deen vows not to step down for Atiku, Amaechi

ADC presidential aspirant Mohammed Hayatu-Deen vowed not to step down for Atiku Abubakar, Rotimi Amaechi or anyone, pledging to reverse Nigeria's two-decade economic decline.
Politics

US, Nigeria kill ISIS second-in-command al-Minuki in Sokoto strike

US and Nigerian forces killed ISIS second-in-command Abu-Bilal al-Minuki in a Sokoto air strike, President Trump announced, marking a major counter-terrorism milestone.
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

Hayatu-Deen vows not to step down for Atiku, Amaechi

ADC presidential aspirant Mohammed Hayatu-Deen vowed not to step down for Atiku Abubakar, Rotimi Amaechi or anyone, pledging to reverse Nigeria's two-decade economic decline.
Politics

US, Nigeria kill ISIS second-in-command al-Minuki in Sokoto strike

US and Nigerian forces killed ISIS second-in-command Abu-Bilal al-Minuki in a Sokoto air strike, President Trump announced, marking a major counter-terrorism milestone.
Business

Nigeria’s Inflation Rate Climbs to 15.69% in April Despite Slower Food Price Growth

KEY POINTS Nigeria’s inflation rate rose slightly to 15.69% in April 2026 after the...
News

Suspected Gas Leak Sends Ogun Students to Hospital, Sparks Panic in Ijebu Ode

KEY POINTS Several students were hospitalised after a suspected gas leak at Anglican Girls...