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Nigerian banking sector

News

Tinubu Suspends Airport Cashless Payments After Gridlock Leaves Travellers Stranded

KEY POINTS Tinubu suspended the airport cashless payment system after gridlock at Lagos and...
Business

World Bank Warns Nigeria, Other Developing Nations of Looming Jobs Crisis

KEY POINTS The World Bank warns that 1.2 billion young people will enter the...
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

Tinubu Suspends Airport Cashless Payments After Gridlock Leaves Travellers Stranded

KEY POINTS Tinubu suspended the airport cashless payment system after gridlock at Lagos and...
Business

World Bank Warns Nigeria, Other Developing Nations of Looming Jobs Crisis

KEY POINTS The World Bank warns that 1.2 billion young people will enter the...
News

Yelwata Massacre Trial Stalled Again as Court Adjourns Proceedings To March 9

KEY POINTS The Federal High Court in Abuja has adjourned the trial of nine...
Society

Nigeria’s Economic Crisis Is Pulling Children Out of School and Into Child Labour

Nigeria's worsening economy is forcing parents to pull children from private schools, with some children as young as seven now working to support their families.

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