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Nigerian banking sector

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Fire Hits Building Housing Polaris Bank on Lagos Island

KEY POINTS A fire outbreak affected a 17-storey building housing a Polaris Bank branch...
News

INEC Begins Distribution of Election Materials in Ekiti as Voter Register Hits 1.06 Million

KEY POINTS INEC has begun distributing sensitive election materials from the CBN in Ado...
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

Fire Hits Building Housing Polaris Bank on Lagos Island

KEY POINTS A fire outbreak affected a 17-storey building housing a Polaris Bank branch...
News

INEC Begins Distribution of Election Materials in Ekiti as Voter Register Hits 1.06 Million

KEY POINTS INEC has begun distributing sensitive election materials from the CBN in Ado...
News

Kwara Police Deny Bandit Invasion Rumour in Oke-Oyi

KEY POINTS The Kwara Police confirmed there was no bandit invasion in Oke-Oyi despite...
News

FG to Evacuate Over 742 Nigerians From South Africa Amid Rising Xenophobic Attacks

KEY POINTS The Federal Government will evacuate over 742 Nigerians from South Africa before...