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Nigerian banking sector

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Nigeria Moves To Curb Honorary Degree Abuse

Nigeria tightens oversight of honorary doctorate awards as the NUC exposes illegal institutions, cash-for-title deals, and violations of long-standing academic guidelines
Business

Dangote’s Net Worth Falls as Cement Shares Drop

Dangote’s wealth slips by $1.4 billion as cement shares fall, tightening his yearly gains despite aggressive expansion across multiple African markets.
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

Nigeria Moves To Curb Honorary Degree Abuse

Nigeria tightens oversight of honorary doctorate awards as the NUC exposes illegal institutions, cash-for-title deals, and violations of long-standing academic guidelines
Business

Dangote’s Net Worth Falls as Cement Shares Drop

Dangote’s wealth slips by $1.4 billion as cement shares fall, tightening his yearly gains despite aggressive expansion across multiple African markets.
Business

Leadway’s Full Takeover of PAL Pensions Wins Final Approval

Leadway completes its acquisition of PAL Pensions after regulatory approval, setting the stage for wider reach, stronger governance and enhanced pension services.
News

ECOWAS Commission Warns Terrorism Threatens West Africa

ECOWAS Commission President Touray warns rising terrorism in West Africa threatens regional stability, urging coordinated action with UN and regional partners.

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