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Nigerian banking sector

Nigeria Sets 2026 Deadline for New Insurance Capital

NAICOM has fixed July 2026 for insurers to meet the new capital requirement, setting the stage for industry restructuring and tighter oversight.

Ashimolowo Backs Training Corps Members for Security Duty

Ashimolowo urges the Federal Government to adopt NYSC security awareness, saying trained corps members can help strengthen grassroots threat detection nationwide.

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

Nigeria Sets 2026 Deadline for New Insurance Capital

NAICOM has fixed July 2026 for insurers to meet the new capital requirement, setting the stage for industry restructuring and tighter oversight.

Ashimolowo Backs Training Corps Members for Security Duty

Ashimolowo urges the Federal Government to adopt NYSC security awareness, saying trained corps members can help strengthen grassroots threat detection nationwide.

RVPL Marks Decade of Trust in Real Estate

RVPL marks ten years of global operations, spotlighting how RVPL trust has driven investor confidence and sustained its zero-compromise real-estate strategy.

Anambra Intensifies Crackdown On Environmental Violations

Anambra expands its environmental enforcement campaign, targeting street trading, drainage blockages and illegal wastewater discharge to improve community safety and curb flooding risks