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Nigerian banking sector

NASS Holds Final Retreat Ahead of Nigeria Constitution Vote

Lawmakers conclude the final Nigeria constitution review retreat, setting the stage for historic voting in state assemblies on far-reaching amendments before year-end.

US Vows Deeper Security Support To Nigeria

Nigeria and the US are moving toward deeper security cooperation, outlining new defence, intelligence and training commitments as Abuja pushes for faster support.

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.

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.

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.

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.

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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NASS Holds Final Retreat Ahead of Nigeria Constitution Vote

Lawmakers conclude the final Nigeria constitution review retreat, setting the stage for historic voting in state assemblies on far-reaching amendments before year-end.

US Vows Deeper Security Support To Nigeria

Nigeria and the US are moving toward deeper security cooperation, outlining new defence, intelligence and training commitments as Abuja pushes for faster support.

Nigeria to Open First Section of Lagos-Calabar Coastal Highway

Nigeria plans to open a completed stretch of the Lagos-Calabar coastal highway in December as construction advances across key segments of the massive project.

Gencos Push Back Against Nigeria’s Debt Proposal

Gencos reject a federal proposal to forfeit 50 percent of their N5 trillion debt, raising fresh concerns over Nigeria’s fragile power market.