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Nigerian banking sector

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Coroner adjourns inquest into Chimamanda’s son’s death to October 8

The coroner's inquest into the death of Chimamanda Adichie's 21-month-old son has stalled until October 8 after Euracare secured a High Court order staying proceedings.
News

IFC, Standard Chartered launch $300m facility to boost African supply chains

IFC and Standard Chartered have launched a $300m risk-sharing facility to expand supply chain finance for more than 500 suppliers across eight African countries.
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

Coroner adjourns inquest into Chimamanda’s son’s death to October 8

The coroner's inquest into the death of Chimamanda Adichie's 21-month-old son has stalled until October 8 after Euracare secured a High Court order staying proceedings.
News

IFC, Standard Chartered launch $300m facility to boost African supply chains

IFC and Standard Chartered have launched a $300m risk-sharing facility to expand supply chain finance for more than 500 suppliers across eight African countries.
News

Afenifere warns state police delay mayn lead to self help

Afenifere has warned that delay in establishing state police may trigger self-help, describing the federal government's reactive security deployments after attacks as infeasible and ineffective.
News

Cocoa farmers raise alarm over persistent price volatility in Africa

African cocoa farmers warn persistent price volatility undermines livelihoods and slows investment ahead of the Lagos cocoa and coffee fiesta.