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
Read more
Money
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)
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
Standard Chartered Hands Over Cameroon Business to Access Bank
Standard Chartered has announced the successful handover of its Cameroon business to Access Bank Cameroon. It said on Monday that
Read more
Nigeria’s Forex Reserves Jump to Six-Year High of $44.61bn
Nigeria has seen its foreign exchange reserves surge to $44.61 billion, the highest level since 8 August 2019, according to
Read more