The Central Bank of Nigeria has announced stricter penalties for deposit money banks that engage unaccredited cheque printers, warning that
Stanbic IBTC Holdings Plc delivered a sharp earnings rebound in FY2025, with profit after tax rising to ₦102.3bn from ₦57.9bn
The unaudited full-year 2025 results of First HoldCo Plc have sparked intense scrutiny among analysts following the disclosure of a
Femi Otedola has increased his ownership stake in First HoldCo Plc to 18.12%, deepening his position as the group’s most
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
Nigeria’s banking sector is in the midst of its most consequential capital-raising cycle in over a decade. With the Central
Fidelity Bank Plc has raised ₦259 billion from a recently concluded Private Placement of Ordinary Shares, significantly strengthening its balance
Guaranty Trust Bank Limited (GTBank) has announced an exchange rate of ₦1,435 per US dollar for international transactions carried out
Fidelity Bank Plc has announced the completion of the tenure of its Board Chairman, Mustafa Chike-Obi, and the appointment of
As Nigeria’s banking sector moves past what investors widely regarded as a year dominated by recapitalisation, attention is turning to
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