Business Briefings
Central Bank of Nigeria Orders Banks to Submit Forbearance and Capital Reinforcement Plans
The Central Bank of Nigeria has instructed banks to present detailed capital restoration strategies as part of efforts to transition out of the regulatory forbearance regime. This directive was disclosed in a circular signed by the Director of Banking Supervision, Olubukola Akinwunmi.
According to the CBN, affected banks must submit their restoration plans within ten working days after each quarter, beginning from June 30, 2025. These plans should include management’s approaches to restoring compliance, such as cost-reduction, lowering risky assets, restructuring business operations, and offloading major risks.
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The regulator stated that these plans would be reviewed and monitored closely as part of ongoing supervision. Additionally, banks are required to provide quarterly reports detailing provisioning statuses, reconciliations, capital adequacy ratios (with and without relief measures), credit migration data, and disclosures on AT1 instruments.
The CBN emphasized that these new steps are designed to ensure financial system stability and encourage responsible banking practices as Nigeria exits the forbearance framework.
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Nvidia Becomes World’s First $5 Trillion Company
US-based tech powerhouse Nvidia has officially become the world’s first company to hit a $5 trillion market capitalization, underscoring investor confidence in the long-term potential of artificial intelligence to drive global innovation and economic growth. On Wednesday, Nvidia’s shares surged by 4.91% to $210.90 at the opening of trading on Wall Street, lifting the chipmaker’s…
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Berger Paints Nigeria Plc Announces ₦0.40 Dividend for Q3
Berger Paints Nigeria Plc has declared an interim dividend of ₦0.40 per 50 kobo ordinary share for the period ended 30 September 2025, subject to applicable withholding tax and shareholder approval. According to the company’s corporate action announcement, the dividend will be paid to shareholders whose names appear in the Register of Members at the…
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Access Holdings Charts New Course in E-Banking Growth
Access Holdings Plc has emerged as the leading tier-1 bank in Nigeria’s electronic business segment, generating N101.65 billion in e-business income for the first half of 2025. Collectively, the five major tier-1 banks — Access Holdings, United Bank for Africa (UBA), Zenith Bank, GTCO, and FBN Holdings — earned N290.86 billion from digital transactions during…