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Nigerian banking sector

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Borno Makes Repentant Terrorists Swear on Quran Before Rejoining Society

KEY POINTS Borno says repentant terrorists must swear on the Quran before rejoining society. ...
News

Plateau Governor Cracks Down on Night Grazing, Mining After Fresh Killings

KEY POINTS Plateau Governor Caleb Mutfwang has banned night grazing and night mining after...
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

Borno Makes Repentant Terrorists Swear on Quran Before Rejoining Society

KEY POINTS Borno says repentant terrorists must swear on the Quran before rejoining society. ...
News

Plateau Governor Cracks Down on Night Grazing, Mining After Fresh Killings

KEY POINTS Plateau Governor Caleb Mutfwang has banned night grazing and night mining after...
News

IGP Bans POS Operators Near Police Stations Across Nigeria

KEY POINTS The IGP has banned POS operators from working within 200 metres of...
News

Army: Civilians, Markets and Transport Networks Helping Boko Haram in North-East

KEY POINTS The Nigerian Army says some civilians, transport networks and cattle markets are...