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Nigerian banking sector

EFCC Arrests 20 Suspects Over Vote-Buying in FCT Council Elections

KEY POINTS EFCC arrested 20 suspects and recovered over ₦17 million linked to alleged...

APC’s Christopher Maikalangu Re-elected AMAC Chairman With Landslide Vote

KEY POINTS APC incumbent Christopher Maikalangu won the AMAC chairmanship election with 40,295 votes. ...

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

EFCC Arrests 20 Suspects Over Vote-Buying in FCT Council Elections

KEY POINTS EFCC arrested 20 suspects and recovered over ₦17 million linked to alleged...

APC’s Christopher Maikalangu Re-elected AMAC Chairman With Landslide Vote

KEY POINTS APC incumbent Christopher Maikalangu won the AMAC chairmanship election with 40,295 votes. ...

Opposition Boycott Kano By-Elections

KEY POINTS Opposition parties ADC, PDP, and NNPP boycotted Kano by-elections, alleging bias, security...

NAFDAC Busts Hidden Lagos Warehouse Stocked With N3bn Worth of Fake and Banned Products

KEY POINTS NAFDAC uncovered a hidden Lagos warehouse containing fake and banned goods worth...