Nigeria’s banking recapitalisation has moved from policy ambition to last-mile arithmetic. With the Central Bank of Nigeria’s March 31, 2026
Nigerian banks are entering a new phase after several years of unusually strong profits. Following large capital raises and a
By any global standard, Tony Elumelu’s 20% stake in UBA is exceptionally large. With his stake in United Bank for
The Securities and Exchange Commission (SEC) has issued Circular No. 26-1, raising minimum capital requirements for all capital market operators
Recent announcements about the Federal Government’s directive on 7.5% Value Added Tax (VAT) on bank and fintech charges have caused
Paystack has acquired Ladder Microfinance Bank to rebrand it into Paystack Microfinance Bank continuing its foray into banking in addition
UBS chief executive Sergio Ermotti is planning to step down in April 2027 according to reports. Ermotti, who returned to
Sovereign Trust Insurance Plc has appointed Dr. Lucas Durojaiye as its Managing Director and Chief Executive Officer (MD/CEO), effective January
Flutterwave Inc. Chief Executive Officer Olugbenga Agboola has said its acquisition of open-banking startup Mono Technologies Nigeria Ltd. will support
AXA Mansard Insurance Plc board chairman, Mr Kolawole Adesina has acquired 5 million ordinary shares of the company at N13.50
United Bank for Africa (UBA) has successfully raised N178.3 billion through a rights issue, taking its capital base above the
Nigeria’s banking sector is in the midst of its most consequential capital-raising cycle in over a decade. With the Central
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