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Banking
United Capital Acquires 5% Stake in NGX Group, Signals Strong Confidence in…
United Capital Group has strengthened its foothold in Nigeria’s financial sector after acquiring a 5 percent equity…
Nigeria’s Banking Profit Boom Fades as Earnings Drop, While African Rivals Surge…
Nigeria's banking sector, once celebrated as one of Africa's strongest profit engines, is entering a new phase…
FX Reforms Boost Global Naira Card Usage as Banks Raise Dollar Limits
Improved foreign exchange liquidity in Nigeria, driven by sweeping economic reforms, is reshaping how Nigerians use…
IMF Flags Lending Rate Imbalance as Nigerian Banks React Faster to Rate Hikes Than…
The International Monetary Fund (IMF) has raised concerns over the way Nigerian banks respond to changes in…
Nigeria’s Top Banks Mobilise N137 Trillion in Deposits as Liquidity Strength…
Nigeria’s banking sector started 2026 on a strong liquidity footing, with the country’s top 10 banks collectively…
United Capital Expands into East Africa with Investment Banking Licences in…
United Capital has recorded a major breakthrough in its African expansion strategy after securing investment…
Reps Recover ₦521.7m VAT from CBN in Remita Revenue Leak Probe
The House of Representatives Public Accounts Committee has recovered ₦521.77 million in unremitted Value Added Tax…
CBN Mops Up N3.04 Trillion in Massive OMO Auction as Investor Demand Hits Record…
The Central Bank of Nigeria withdrew N3.04 trillion from the banking system in a single OMO auction after investors…
Nigerian Banks Earn N209bn from Account Maintenance Fees in Q1 2026 Amid Rising…
Nigerian commercial banks recorded a significant rise in earnings from account maintenance charges, pulling in a…
Nigeria’s Banks Face Rising Bad Loans as CBN Ends Regulatory Forbearance, NPL…
Nigeria’s banking sector is under fresh pressure as bad loans climbed to 8.03 per cent in January 2026, following…
CBN Extends Breathing Space for Banks as Legal Bottlenecks Slow Recapitalisation…
he Central Bank of Nigeria (Central Bank of Nigeria) has assured that deposit money banks yet to fully meet the…
CBN Retains Interest Rate at 26.5% as External Shocks Drive Inflation Pressure in…
The Central Bank of Nigeria (CBN) has maintained its benchmark interest rate at 26.5 percent, following its…
Banks Flood Treasury Bills Market as High Yields Attract Surplus Liquidity in…
Nigeria’s banking sector is once again turning to government securities as a safe haven, with commercial banks…
N4.65 Trillion Bank Recapitalisation: Nigerian Banks Face Pressure to Turn Capital…
After successfully raising a combined N4.65 trillion to meet the Central Bank of Nigeria’s (CBN) recapitalisation…
CBN, CIBN Push for Stronger Female Leadership in Banking as Lagos Hosts Maiden…
The conversation around female banking leadership in Africa took center stage in Lagos as the African Women in…
CBN rules give foreign banks, fintechs advantage over Nigerian lenders – Chapel…
Nigeria’s banking sector is facing renewed scrutiny after a new report by investment banking and research firm…
63% of Nigerians Demand Lower Interest Rates Ahead of CBN MPC Meeting
As the Central Bank of Nigeria prepares for its crucial Monetary Policy Committee meeting on May 19 and 20, a…
Tier-1 Nigerian Banks Surge to N114 Trillion Deposits as Lending Slows Amid Tight…
Nigeria’s biggest banks ended 2025 with a powerful surge in customer deposits, even as lending activity slowed…
FX Inflows Hit $112.27bn as Autonomous Dollar Sources Dominate Nigeria’s FX Market…
Nigeria’s foreign exchange market underwent a major structural shift in 2025, as total FX inflows climbed to…
Tier-One Nigerian Banks’ Assets Hit N161.4 Trillion Amid Strong Earnings Growth…
Nigeria’s five biggest lenders—commonly known as FUGAZ—ended 2025 on a stronger footing, with combined total assets…
CBN Dormant Accounts Directive: Four Banks Publish Over 321,000 Inactive Accounts
Four Nigerian banks have published details of more than 321,000 dormant accounts in compliance with a directive…
CBN Raises Governance Alarm Over Non-Interest Banks Amid Rising Islamic Finance…
The Central Bank of Nigeria (CBN) has issued a fresh warning to non-interest financial institutions over growing…
Top Nigerian Banks Cut Lending by Nearly 25% as Economic Risks Rise
Nigeria’s banking sector is tightening its grip on lending as economic uncertainty, high interest rates, and…
Tier-One Banks Post N14.9 Trillion Earnings in 2025 as Interest Rate Pressures…
Nigeria’s four major tier-one banks—Access Holdings, Zenith Bank, Guaranty Trust Holding Company (GTCO), and United…
Nigerian Banks Earn N18.2tn in 2025 Despite Profit Decline Amid Loan Losses and…
Nigeria’s biggest banks posted a mixed financial performance in 2025, as strong revenue growth and expanding…
AfDB 2026 Annual Meetings to Prioritize Resource Mobilisation for Africa’s…
The African Development Bank (AfDB) has announced that its 2026 Annual Meetings will focus heavily on how…
Tier-1 Banks Drive N286tn Mobile Transactions as Fintech Advantage Narrows in…
Nigeria’s leading commercial banks have recorded a massive surge in digital activity, processing a combined…
Cardoso Urges Bank Directors to Strengthen Risk Management and Corporate…
Governor of the Central Bank of Nigeria (CBN), Dr Olayemi Cardoso, has called on bank directors and…
CBN Restricts BDC Access to Forex Market Over Compliance Risks
Nigeria’s apex bank, the Central Bank of Nigeria (CBN), has continued to limit the access of Bureau De Change (BDC)…
CBN Raises ATM Card Issuance Fee to N1,500, Scraps Monthly Maintenance Charge in…
The Central Bank of Nigeria (CBN) has announced a revision to banking charges, increasing the cost of issuing and…