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Nigerian banking sector

Niger Delta chamber targets $5bn investment drive, 500,000 jobs ahead of Port Harcourt summit

Niger Delta chamber targets $5bn investments and 500,000 jobs as region prepares for major economic summit in Port Harcourt

Nigeria’s Top Manufacturing Body Pushes Africa to Add Value to Raw Materials, Not Just Export Them

Nigeria's Manufacturers Association calls on Africa to build industrial capacity through value addition rather than exporting unprocessed raw materials.

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

Niger Delta chamber targets $5bn investment drive, 500,000 jobs ahead of Port Harcourt summit

Niger Delta chamber targets $5bn investments and 500,000 jobs as region prepares for major economic summit in Port Harcourt

Nigeria’s Top Manufacturing Body Pushes Africa to Add Value to Raw Materials, Not Just Export Them

Nigeria's Manufacturers Association calls on Africa to build industrial capacity through value addition rather than exporting unprocessed raw materials.

Eight Feared Dead After Terrorists Bomb Bridge in Niger State

KEY POINTS Eight people feared dead after a vehicle hit an IED planted by...

Ganduje’s Ex-aide Salihu Yakasai Defects from APC to ADC

KEY POINTS Salihu Yakasai, former aide to Abdullahi Ganduje, has defected from APC to...