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Nigerian banking sector

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Nigeria showcases $125m housing PPP model to 36 African delegations in Addis Ababa

Nigeria has pitched its Renewed Hope housing partnership to delegations from 36 African countries in Addis Ababa, citing about $125 million in private investment.
News

Diesel Tanker Explodes Under Otedola Bridge in Lagos

KEY POINTS A diesel tanker fell off Otedola Bridge and exploded on the Lagos-Ibadan...
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.
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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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Nigeria showcases $125m housing PPP model to 36 African delegations in Addis Ababa

Nigeria has pitched its Renewed Hope housing partnership to delegations from 36 African countries in Addis Ababa, citing about $125 million in private investment.
News

Diesel Tanker Explodes Under Otedola Bridge in Lagos

KEY POINTS A diesel tanker fell off Otedola Bridge and exploded on the Lagos-Ibadan...
News

Nigeria’s Power Grid Suffers Disruption

KEY POINTS Nigeria's 330kV transmission network suffered multiple trippings on Monday, disrupting electricity supply...
News

Sanwo-Olu reportedly orders LAWMA boss Muyiwa Gbadegesin to resign over Lagos waste crisis

Lagos Gov. Babajide Sanwo-Olu has reportedly ordered LAWMA managing director Muyiwa Gbadegesin to resign over the state’s worsening waste crisis, an agency insider says.