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Nigerian banking sector

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Akume inaugurates panel to review $200b infrastructure proposal

Secretary to the Government of the Federation George Akume has inaugurated an inter-agency technical committee to review a proposed $200 billion Integrated Gas, Power and High-Speed Rail Project.
News

Idris calls US embassy advisory a routine precaution

Minister of Information Mohammed Idris on Thursday pushed back against the US decision to authorize non-emergency embassy staff departures from Abuja, calling it a routine precaution that does not reflect Nigeria's overall security reality.
Business

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.
News

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.
Business

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.
Business

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.
News

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.
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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.
News

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.
Business

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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News

Akume inaugurates panel to review $200b infrastructure proposal

Secretary to the Government of the Federation George Akume has inaugurated an inter-agency technical committee to review a proposed $200 billion Integrated Gas, Power and High-Speed Rail Project.
News

Idris calls US embassy advisory a routine precaution

Minister of Information Mohammed Idris on Thursday pushed back against the US decision to authorize non-emergency embassy staff departures from Abuja, calling it a routine precaution that does not reflect Nigeria's overall security reality.
News

Court acquits Isabella Oshodin of money laundering charges

A Federal High Court in Abuja has acquitted businesswoman Isabella Oshodin and Bob Oshodin Organisation Limited of all money laundering charges.
News

Paytogeda CEO Odepode launches CampusPay for polytechnic

Paytogeda Chief Executive Officer Aderogba Odepode unveiled the CampusPay digital payment platform Thursday in Ibadan, targeting financial transparency in polytechnic student union administrations across Nigeria.