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Nigerian banking sector

Truck Crash Forces Otedola Bridge Closure in Lagos

A crash involving two container trucks shut Otedola Bridge, halting traffic and forcing officials to redirect motorists through alternative Lagos routes.

NGX Nears N98 Trillion as Santa Rally Lifts Stocks

Nigerian stocks surged in a Santa rally, lifting market value close to N98 trillion as investors pocketed more than N953 billion in gains.

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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Truck Crash Forces Otedola Bridge Closure in Lagos

A crash involving two container trucks shut Otedola Bridge, halting traffic and forcing officials to redirect motorists through alternative Lagos routes.

NGX Nears N98 Trillion as Santa Rally Lifts Stocks

Nigerian stocks surged in a Santa rally, lifting market value close to N98 trillion as investors pocketed more than N953 billion in gains.

Air Peace To Shift Regional Flights To Daytime Operations In 2026

Air Peace plans to move regional flights to daytime operations and expand Africa routes by early 2026 to improve connectivity and passenger convenience.

7 Most Visited Countries During Christmas as Holiday Travel Peaks

As Christmas approaches each year, international travel surges. Europe’s historic cities and warmer destinations across the Americas consistently rank among the most visited countries during Christmas due to culture, tradition and seasonal appeal.