Nigerian banks had a remarkable year in 2024, benefiting from a high-interest rate environment that significantly boosted their earnings from loans to customers. An analysis of...
Nigeria’s top banks saw a windfall in 2024, earning a total of ₦14.26 trillion from interest on loans—nearly double the figure recorded the year before. This...
The Central Bank of Nigeria (CBN) has highlighted rising loan defaults among Large Private Non-Financial Corporations (PNFCs) and Other Financial Corporations (OFCs) in the first quarter...
Sterling Bank has announced the removal of all charges on online transactions to alleviate the financial pressure on its customers. Abubakar Suleiman, the bank’s managing director...
Amid economic struggles, seven leading Nigerian banks collectively posted a profit of N4.2 trillion for the 2024 financial year. These banks—Zenith Bank, United Bank for Africa...
By Emeka Ejere A chattered accountant, Chief Blakey Ijezie, has described the impressive performance of Zenith Bank Plc as a testament to the vision, strategy, and...
Zenith Bank, one of Nigeria’s foremost financial institutions, achieved notable progress in 2024, significantly expanding its payment infrastructure in response to escalating competition from fintech disruptors....
Stanbic IBTC Bank has reaffirmed its dedication to empowering Nigerians through sustainable wealth management and strategic financial planning. The Chief Executive, Wole Adeniyi, emphasized the need...
The Central Bank of Nigeria Governor, Olayemi Cardoso, has reaffirmed the bank’s determination to safeguard the country’s foreign exchange market by curbing activities that threaten the...
Stanbic IBTC Asset Management, as the manager of the Stanbic IBTC Infrastructure Fund, has joined forces with SIFAX Group of Companies via its subsidiary, SIFAX Shipping...