Smaller Nigerian Banks Beat Big Rivals in Earnings Growth
*Wema, Stanbic, Sterling see nine-month profits jump 160% Some mid-sized Nigerian banks more than doubled their combined earnings in the
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Nigerian banks
Nigeria’s Biggest Banks Post Rare Profit Decline as FX Gains Fade
Nigeria’s biggest banks posted a rare decline in profits in the first half of 2025 as the foreign exchange gains
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Ten Banks Cough Out N316bn in Windfall Tax on FX Gains
By Lydia Oluremi Ten of Nigeria’s commercial banks paid a total of N316 billion to the government from the foreign
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Otedola backs windfall tax, says banks maintain private jets with $50m yearly
Femi Otedola, a billionaire businessman, has said Nigerian banks are spending an estimated $50 million on the maintenance of private
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CBN’s latest decision seen piling pressure on banks
The decision by the Central Bank of Nigeria to tweak the asymmetric corridor around the monetary policy rate (MPR) is
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Moody’s changes Nigerian banks’ rating outlook to positive
Moody’s Investors Service has affirmed the Caa1 long-term deposit ratings, long-term issuer ratings as well as the senior unsecured debt
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What you need to know to get FX from Nigerian banks
One of the biggest commercial banks in Nigeria, Access Bank, has provided the information bank customers need to access foreign
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Nigerian banks now require tax certificate to meet customers’ FX requests
Nigerian banks are now asking customers to submit tax clearance certificates to enable them to get access to foreign exchange.
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Nigerian banks ‘satisfactorily healthy and safe’: Emefiele
The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has again given banks in the country a clean
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Nigerian banks turn to ruthless strategies in market share race – FDC
Amid growing competition from telecommunications and financial technology companies, some Nigerian commercial banks are adopting ruthless strategies to expand their
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