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Nigerian banking sector

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Police arrest seven suspected kidnappers and recover body of Abuja victim abducted in August

Police have arrested seven suspected kidnappers in Abuja and Kaduna and recovered the body of Oluwadamilola Adedayo, abducted in Kuje in August, from the gang’s forest camp.
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Access, UBA, Fidelity H1 Results Stuck as CBN Steps Up Scrutiny of Banks’ Asset-Quality

The publication of audited Half-Year (H1) 2026 financial statements for top Tier-1 and Tier-2...
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.
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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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Police arrest seven suspected kidnappers and recover body of Abuja victim abducted in August

Police have arrested seven suspected kidnappers in Abuja and Kaduna and recovered the body of Oluwadamilola Adedayo, abducted in Kuje in August, from the gang’s forest camp.
News

Access, UBA, Fidelity H1 Results Stuck as CBN Steps Up Scrutiny of Banks’ Asset-Quality

The publication of audited Half-Year (H1) 2026 financial statements for top Tier-1 and Tier-2...
News

Nigeria Arrests 2 Suspects in Global Cybercrime Sweep Tied to $2.4 Million Fraud

Nigerian authorities arrested two cybercrime suspects in an INTERPOL-coordinated operation, one linked to an investment scam that moved more than $2.4 million, the agency said.
News

Bandits Kill Newly Recruited Teacher, Driver and Son in Sokoto

KEY POINTS Suspected bandits have killed a newly recruited teacher, a driver and the...