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Nigerian banking sector

“He suffered because he was poor”: Lawyers say police broke the law by detaining Oyo student over N8,000

New details show the N8,000 debt Oyo police said was irrelevant appears on Al-Amin Mohammed's charge sheet, as lawyers say detaining a debtor is illegal.

Plateau women block Jos-Mangu highway after gunmen kill three vigilantes, including youth leader, on night patrol

Women and youths in Kassa community, Barkin Ladi, blocked the Jos-Mangu highway for hours on Friday after gunmen killed three vigilantes, including the youth leader.

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

“He suffered because he was poor”: Lawyers say police broke the law by detaining Oyo student over N8,000

New details show the N8,000 debt Oyo police said was irrelevant appears on Al-Amin Mohammed's charge sheet, as lawyers say detaining a debtor is illegal.

Plateau women block Jos-Mangu highway after gunmen kill three vigilantes, including youth leader, on night patrol

Women and youths in Kassa community, Barkin Ladi, blocked the Jos-Mangu highway for hours on Friday after gunmen killed three vigilantes, including the youth leader.

How Aliko Dangote’s refinery turned Nigeria into a petrol exporter worth nearly N1 trillion in six months

Aliko Dangote's refinery has turned Nigeria from a heavy petrol importer into an exporter earning N998.5 billion in the first half of 2026, NBS data show.

Obi insists he left Anambra debt-free, says World Bank loans were federal support drawn after he left office

Peter Obi says he never borrowed money or issued bonds as Anambra governor, rejecting the state government's claim that his tenure left N127.4 billion in external debt.