Nigeria’s Forex Market Liquidity Tumbles 80% in One Week
Nigeria’s foreign exchange (FX) market suffered a sharp contraction in liquidity last week, with total turnover plunging by more than
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Money
GTBank’s Parent GTCO Brings French National on Board
Guaranty Trust Holding Company Plc (GTCO), the parent company of Guaranty Trust Bank, has appointed Marie Namias as an independent
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CBN’s Latest Rate Cut Sets Stage for Post-Recapitalisation Bank Lending, Analysts Say
Nigeria’s latest benchmark rate cut is a calibrated move to support bank recapitalisation without undermining gains in inflation control, naira
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Nigerian Banks Raise N4.05trn as Recapitalisation Deadline Nears
Nigerian banks have raised a total of N4.05 trillion in new capital ahead of the Central Bank of Nigeria’s (CBN)
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Sterling Bank and Sister Subsidiary Finalise Recapitalisation With N153bn Injected by Parent
Sterling Financial Holdings Company Plc has confirmed that its core banking subsidiaries, The Alternative Bank (AltBank) and Sterling Bank, are
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Wema Bank Hits N1trn Valuation for First Time as Shares Rise
Midsize lender Wema Bank is the latest to join the exclusive club of listed companies with at least N1 trillion
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Why Nigeria’s Oldest Bank’s Profit Fell to Eight-Year Low
FirstHoldCo Plc, Nigeria’s oldest banking group, posted its lowest profit in eight years in 2025 after taking a massive one-off
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Nigeria’s Forex Market Liquidity Surges 355% in One Week
The Nigerian official foreign exchange market saw its turnover jump more than fourfold this week, according to data on trades
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Meet Amaka Onwughalu, First Female Chairman at Fidelity Bank
Fidelity Bank Plc, a mid-size Nigerian lender established 37 years ago, has appointed Amaka Onwughalu as its first female chairman
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Biggest Shareholder Otedola Invests Extra N15.27bn in FirstBank’s Parent
Femi Otedola, chairman of First HoldCo, has bought additional shares worth N15.27 billion in the parent of the country’s oldest
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