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Nigerian banking sector

UNIEC warns Igbo silence on Nnamdi Kanu case

UNIEC Director-General Justice Alpha Ikpeama says silence from Igbo leaders on the Nnamdi Kanu case is eroding moral authority and regional credibility.

Nigeria food market set for $233bn growth surge

Messe managing director Paul Marz projected Nigeria's food market at $233.53 billion in 2025, with 10.76 percent annual growth through 2030 at record agrofood expo.

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.

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.

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.

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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UNIEC warns Igbo silence on Nnamdi Kanu case

UNIEC Director-General Justice Alpha Ikpeama says silence from Igbo leaders on the Nnamdi Kanu case is eroding moral authority and regional credibility.

Nigeria food market set for $233bn growth surge

Messe managing director Paul Marz projected Nigeria's food market at $233.53 billion in 2025, with 10.76 percent annual growth through 2030 at record agrofood expo.

Manufacturers fault CBN over non-oil exporter exclusion

MANEG executive secretary Benedict Obhiosa says CBN's new forex policy for oil companies creates an unfair gap, leaving non-oil exporters without comparable incentives.

Manufacturing foreign investment in Nigeria plunges 51 percent

Nigeria's manufacturing sector absorbed just $772.45 million in foreign investment in 2025, a 51 percent drop from 2023, even as total capital inflows surged.