HomeTagsNigerian banking sector

Nigerian banking sector

US Lawmakers Seek Sanctions Over Nigeria Religious Violations

US lawmakers propose sanctions over Nigeria religious freedom violations, citing killings and attacks while calling for visa bans and asset freezes.

Air Chief Warns Against Coup Plot as Nigeria Eyes 2027 Polls

Air Chief condemns alleged coup plot, pledging legal action against any personnel found attempting to subvert Nigeria’s democratic government.

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

US Lawmakers Seek Sanctions Over Nigeria Religious Violations

US lawmakers propose sanctions over Nigeria religious freedom violations, citing killings and attacks while calling for visa bans and asset freezes.

Air Chief Warns Against Coup Plot as Nigeria Eyes 2027 Polls

Air Chief condemns alleged coup plot, pledging legal action against any personnel found attempting to subvert Nigeria’s democratic government.

Bagudu Says Tinubu Reforms Boost State Finances

Bagudu says Tinubu economic reforms are improving state finances and driving a new strategy to boost growth across Nigeria’s 8,809 wards.

US to Deploy 200 Troops to Train Nigerian Forces

US Nigeria military cooperation deepens as Washington deploys 200 troops to train Nigerian forces in the fight against jihadist insurgents.