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Nigerian banking sector

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Private jet loses door after Abuja takeoff, lands safely as NSIB opens probe

A Triton Aviation business jet lost its door after taking off from Abuja and landed safely with nine people aboard, and NSIB is investigating.
News

Troops destroy Lakurawa camps in Sokoto forest, kill several fighters

Nigerian troops overran a Lakurawa enclave in Sokoto’s Waria Forest, killing several fighters, destroying camps and recovering weapons and five motorcycles, the military said.
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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Private jet loses door after Abuja takeoff, lands safely as NSIB opens probe

A Triton Aviation business jet lost its door after taking off from Abuja and landed safely with nine people aboard, and NSIB is investigating.
News

Troops destroy Lakurawa camps in Sokoto forest, kill several fighters

Nigerian troops overran a Lakurawa enclave in Sokoto’s Waria Forest, killing several fighters, destroying camps and recovering weapons and five motorcycles, the military said.
News

Borno’s Guzamala council chairman says troops repelled a two-hour terrorist attack on a military post

Suspected Boko Haram fighters attacked a military post in Mairari, Borno State, on Tuesday night; the council chairman says troops repelled them and no civilians died.
News

Lagos banker and seven others arraigned over alleged N710 million proof-of-funds fraud

A Lagos banker and seven others have been arraigned on a 12-count charge over an alleged N710 million proof-of-funds fraud, according to the Police Special Fraud Unit.