HomeTagsNigerian banking sector

Nigerian banking sector

ADC chieftain says Tinubu government treats Nigerians like slaves

ADC chieftain Kenneth Okonkwo accuses President Tinubu's administration of corruption, insecurity failures and treating Nigerians as slaves.

Nigeria spent N32.8 trillion on defence in 15 years, yet insecurity worsens

Nigeria spent N32.8 trillion on defence in 15 years, yet insecurity continues to claim lives and displace millions of citizens.

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

ADC chieftain says Tinubu government treats Nigerians like slaves

ADC chieftain Kenneth Okonkwo accuses President Tinubu's administration of corruption, insecurity failures and treating Nigerians as slaves.

Nigeria spent N32.8 trillion on defence in 15 years, yet insecurity worsens

Nigeria spent N32.8 trillion on defence in 15 years, yet insecurity continues to claim lives and displace millions of citizens.

Nigerian schools, parents urged to do more to stop bullying after viral Benin video

Stakeholders are demanding stronger action from schools and parents to curb bullying after a disturbing Benin incident went viral.

Nigerian court rules citizens can record police on duty

A Nigerian court affirms citizens' right to record police, ordering name tags and banning device confiscation.