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Nigerian banking sector

Kano Governor Abba Yusuf Resigns from NNPP

KEY POINTS Kano Governor Abba Kabir Yusuf has formally resigned from the NNPP, citing...

Empty Stomachs Are Becoming Nigeria’s Biggest Threat

Hunger is now Nigeria’s hidden security crisis, hurting families, raising crime, and weakening trust in government across the country.

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

Kano Governor Abba Yusuf Resigns from NNPP

KEY POINTS Kano Governor Abba Kabir Yusuf has formally resigned from the NNPP, citing...

Empty Stomachs Are Becoming Nigeria’s Biggest Threat

Hunger is now Nigeria’s hidden security crisis, hurting families, raising crime, and weakening trust in government across the country.

Peter Obi Faces Ruling Party Pressure As 2027 Race Nears

Ruling party steps up moves that may block Peter Obi’s path to 2027 as courts and party crises deepen nationwide.

Tinubu Reviews Envoy Postings After Name Mix-up, Confirms Three Diplomatic Appointments

KEY POINTS President Tinubu has approved the posting of three ambassador-designates to France, the...