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Nigerian banking sector

Lagos resumes monthly sanitation exercise from April 25

Lagos State has announced the resumption of its monthly environmental sanitation exercise starting April 25, with residents required to clean surroundings and clear drains every last Saturday of the month.

Nigerians in India report racial profiling, visa crackdown

Nigerians in India are raising alarm over racial profiling, police brutality, and discriminatory visa fees as student bodies demand urgent diplomatic intervention from the Nigerian 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.

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Lagos resumes monthly sanitation exercise from April 25

Lagos State has announced the resumption of its monthly environmental sanitation exercise starting April 25, with residents required to clean surroundings and clear drains every last Saturday of the month.

Nigerians in India report racial profiling, visa crackdown

Nigerians in India are raising alarm over racial profiling, police brutality, and discriminatory visa fees as student bodies demand urgent diplomatic intervention from the Nigerian government.

Akpabio tells Tinubu: Nigeria hasn’t seen your best yet

Senate President Godswill Akpabio told the APC National Convention Friday that Nigerians are yet to see the best of President Tinubu despite significant milestones achieved amid economic difficulties.

Kogi Polytechnic Lecturer Slumps, Dies During Lecture

KEY POINTS Kogi State Polytechnic lecturer Anslem Ojodomo collapsed and died while delivering a...