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Nigerian banking sector

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Lasting security begins with defeating ignorance and hopelessness, says defence minister

Defence Minister Gen. Christopher Musa says true and lasting national security must rest on defeating ignorance, conquering hopelessness and defending democratic values, not just military force.
News

Why a 75-year-old pilot flew the aircraft that landed on a Delta road, says NCAA

The NCAA says the pilot who landed a private aircraft on a Delta road is 75 and held a US licence, while it faults the unauthorized takeoff.
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.
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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.
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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.
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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.
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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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Lasting security begins with defeating ignorance and hopelessness, says defence minister

Defence Minister Gen. Christopher Musa says true and lasting national security must rest on defeating ignorance, conquering hopelessness and defending democratic values, not just military force.
News

Why a 75-year-old pilot flew the aircraft that landed on a Delta road, says NCAA

The NCAA says the pilot who landed a private aircraft on a Delta road is 75 and held a US licence, while it faults the unauthorized takeoff.
News

Gbajabiamila Faces Questions Over Disowning Council Listed In 2026 Budget

KEY POINTS Femi Gbajabiamila declared that the Presidential Foreign Intervention Promotion Council (PFIPC)...
News

Democracy Day Protest in Lagos Disrupted as Activists Accuse “Team Nigeria” Thugs of Attack

KEY POINTS Protesters in Lagos allege that suspected APC-linked thugs under the name “Team...