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Nigerian banking sector

Kano Assembly Begins Impeachment Process Against Deputy Governor

KEY POINTS The Kano State House of Assembly has initiated impeachment proceedings against Deputy...

Court Clears Suspended DCP Abba Kyari of Asset Declaration Charges Filed by NDLEA

KEY POINTS A Federal High Court in Abuja has discharged and acquitted suspended Deputy...

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.

Latest articles

Kano Assembly Begins Impeachment Process Against Deputy Governor

KEY POINTS The Kano State House of Assembly has initiated impeachment proceedings against Deputy...

Court Clears Suspended DCP Abba Kyari of Asset Declaration Charges Filed by NDLEA

KEY POINTS A Federal High Court in Abuja has discharged and acquitted suspended Deputy...

Newly Elected Lagos APC Publicity Official Karamo Yesiro Dies Hours Before Inauguration

KEY POINTS Newly elected Lagos APC assistant publicity secretary Karamo Yesiro died less than...

Seriake Dickson Dumps PDP for Newly Registered NDC, Cites Internal Crisis

KEY POINTS Senator Seriake Dickson has defected from the PDP to the newly registered...